United Continental (UAL) Price Target Cut to $91.00 by Analysts at Imperial Capital

United Continental (NYSE:UAL) had its target price cut by Imperial Capital from $91.00 to $91.00 in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have an in-line rating on the transportation company’s stock. Imperial Capital also issued estimates for United Continental’s Q3 2018 earnings at $3.04 EPS, Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $8.20 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $3.89 EPS, Q3 2019 earnings at $3.72 EPS, Q4 2019 earnings at $1.75 EPS and FY2019 earnings at $9.60 EPS. The analysts noted that the move was a valuation call.

A number of other brokerages also recently weighed in on UAL. Macquarie downgraded shares of United Continental from an outperform rating to a neutral rating and set a $95.00 target price for the company. in a research note on Tuesday, September 18th. They noted that the move was a valuation call. Morgan Stanley set a $92.00 target price on shares of United Continental and gave the stock a hold rating in a research note on Tuesday, September 18th. Zacks Investment Research raised shares of United Continental from a hold rating to a buy rating and set a $99.00 target price for the company in a research note on Monday, October 1st. Buckingham Research set a $108.00 target price on shares of United Continental and gave the stock a buy rating in a research note on Friday, September 7th. Finally, ValuEngine raised shares of United Continental from a hold rating to a buy rating in a research note on Friday, July 20th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $97.47.

NYSE:UAL opened at $87.43 on Tuesday. The stock has a market capitalization of $23.75 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.51 and a beta of 0.75. United Continental has a 12 month low of $56.51 and a 12 month high of $91.39. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.56.

United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). United Continental had a net margin of 5.23% and a return on equity of 24.28%. The firm had revenue of $11 billion during the quarter, compared to analyst estimates of $10.95 billion. During the same quarter last year, the firm earned $2.22 earnings per share. United Continental’s quarterly revenue was up 11.2% on a year-over-year basis. Research analysts predict that United Continental will post 8.13 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of UAL. BlueMountain Capital Management LLC bought a new stake in shares of United Continental during the second quarter worth approximately $102,000. Adviser Investments LLC bought a new stake in shares of United Continental during the second quarter worth approximately $112,000. Gables Capital Management Inc. bought a new stake in shares of United Continental during the first quarter worth approximately $139,000. Summit Trail Advisors LLC raised its stake in shares of United Continental by 9,454.7% during the first quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock worth $140,000 after buying an additional 138,322 shares during the last quarter. Finally, Advisors Preferred LLC raised its stake in shares of United Continental by 521.1% during the second quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock worth $172,000 after buying an additional 2,074 shares during the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

United Continental Company Profile

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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