Imperial Capital Increases United Continental (UAL) Price Target to $74.00

United Continental (NYSE:UAL) had its price objective lifted by equities researchers at Imperial Capital from $64.00 to $74.00 in a research note issued to investors on Thursday. The brokerage currently has a “line” rating on the transportation company’s stock. Imperial Capital’s price target indicates a potential upside of 1.26% from the company’s current price.

Several other equities research analysts also recently weighed in on UAL. Barclays reiterated a “buy” rating and issued a $90.00 price target on shares of United Continental in a report on Thursday, September 14th. JPMorgan Chase & Co. downgraded United Continental from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $84.00 to $68.00 in a report on Friday, September 15th. Buckingham Research downgraded United Continental from a “buy” rating to a “neutral” rating and increased their price target for the stock from $49.28 to $59.80 in a report on Monday, September 18th. Raymond James Financial reiterated a “market perform” rating on shares of United Continental in a report on Wednesday, September 20th. Finally, Zacks Investment Research downgraded United Continental from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $81.69.

Shares of United Continental (UAL) opened at $73.08 on Thursday. The stock has a market capitalization of $21,650.00, a P/E ratio of 10.58, a PEG ratio of 1.79 and a beta of 1.05. United Continental has a one year low of $56.51 and a one year high of $83.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

United Continental (NYSE:UAL) last posted its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.10. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The business had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. During the same period last year, the company earned $3.11 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts predict that United Continental will post 6.36 earnings per share for the current fiscal year.

United Continental declared that its Board of Directors has initiated a share buyback plan on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, Director Robert A. Milton purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were acquired at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the acquisition, the director now owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Several large investors have recently made changes to their positions in UAL. DnB Asset Management AS acquired a new stake in shares of United Continental in the 4th quarter worth $1,011,000. New England Research & Management Inc. acquired a new stake in shares of United Continental in the 4th quarter worth $627,000. Americafirst Capital Management LLC boosted its position in shares of United Continental by 299.4% in the 3rd quarter. Americafirst Capital Management LLC now owns 4,270 shares of the transportation company’s stock worth $260,000 after purchasing an additional 3,201 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of United Continental by 2.1% in the 3rd quarter. California Public Employees Retirement System now owns 722,299 shares of the transportation company’s stock worth $43,974,000 after purchasing an additional 14,899 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of United Continental in the 3rd quarter worth $377,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

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About United Continental

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

Analyst Recommendations for United Continental (NYSE:UAL)

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