United Continental (UAL) Trading 6.7% Higher on Analyst Upgrade

United Continental Holdings Inc (NYSE:UAL) was up 6.7% on Thursday after Imperial Capital raised their price target on the stock from $64.00 to $74.00. Imperial Capital currently has a line rating on the stock. United Continental traded as high as $73.15 and last traded at $73.08. Approximately 9,379,900 shares changed hands during mid-day trading, an increase of 110% from the average daily volume of 4,470,643 shares. The stock had previously closed at $68.48.

Other research analysts have also issued reports about the company. TheStreet upgraded United Continental from a “c+” rating to a “b” rating in a report on Thursday, December 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 target price (down from $110.00) on shares of United Continental in a report on Friday, October 20th. Bank of America reiterated a “buy” rating and issued a $84.00 target price (down from $85.00) on shares of United Continental in a report on Tuesday, October 10th. Barclays reiterated a “buy” rating and issued a $80.00 target price on shares of United Continental in a report on Monday, September 25th. Finally, Standpoint Research upgraded United Continental from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental has an average rating of “Hold” and a consensus target price of $81.69.

In other United Continental news, Director Robert A. Milton purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was bought at an average cost of $58.60 per share, with a total value of $58,600.00. Following the acquisition, the director now directly owns 6,176 shares of the company’s stock, valued at $361,913.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in UAL. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of United Continental by 8.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,677 shares of the transportation company’s stock valued at $352,000 after purchasing an additional 366 shares during the last quarter. People s United Financial Inc. lifted its holdings in shares of United Continental by 3.1% in the 2nd quarter. People s United Financial Inc. now owns 14,127 shares of the transportation company’s stock valued at $1,063,000 after purchasing an additional 425 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of United Continental by 9.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,889 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 508 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of United Continental by 10.4% in the 3rd quarter. LS Investment Advisors LLC now owns 8,976 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 848 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of United Continental by 7.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 13,852 shares of the transportation company’s stock valued at $1,042,000 after purchasing an additional 996 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The company has a market cap of $22,300.00, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

United Continental (NYSE:UAL) last posted its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $9.87 billion. During the same period in the previous year, the business earned $3.11 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. analysts predict that United Continental Holdings Inc will post 6.36 EPS for the current fiscal year.

United Continental announced that its board has authorized a stock buyback plan on Thursday, December 7th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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United Continental Company Profile

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.

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