United Continental (UAL) Earns “Market Perform” Rating from Cowen

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Cowen reissued their market perform rating on shares of United Continental (NASDAQ:UAL) in a research report released on Wednesday, Briefing.com Automated Import reports. The brokerage currently has a $99.00 price objective on the transportation company’s stock, up from their previous price objective of $97.00.

A number of other research analysts have also commented on UAL. Zacks Investment Research lowered United Continental from a buy rating to a hold rating in a report on Tuesday, December 18th. Imperial Capital downgraded United Continental from an in-line rating to an underperform rating and decreased their target price for the company from $110.00 to $73.00 in a research note on Wednesday, January 9th. JPMorgan Chase & Co. upgraded United Continental from a neutral rating to an overweight rating and set a $95.00 target price for the company in a research note on Thursday, January 10th. Macquarie set a $111.00 target price on United Continental and gave the company a buy rating in a research note on Tuesday, January 29th. Finally, Argus assumed coverage on United Continental in a research note on Wednesday, January 30th. They set a buy rating and a $101.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $101.41.

Shares of NASDAQ UAL opened at $88.28 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.47 and a debt-to-equity ratio of 1.34. The stock has a market cap of $23.33 billion, a PE ratio of 9.67, a P/E/G ratio of 0.40 and a beta of 0.96. United Continental has a 52 week low of $65.45 and a 52 week high of $97.85.

United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.21. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.62 billion. United Continental had a return on equity of 27.73% and a net margin of 5.15%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 EPS. Research analysts expect that United Continental will post 11.08 earnings per share for the current year.

A number of large investors have recently made changes to their positions in UAL. Stone House Investment Management LLC bought a new stake in shares of United Continental in the 1st quarter worth approximately $30,000. Raymond James Trust N.A. bought a new stake in shares of United Continental in the 1st quarter worth approximately $210,000. IFM Investors Pty Ltd lifted its position in shares of United Continental by 12.3% in the 1st quarter. IFM Investors Pty Ltd now owns 3,595 shares of the transportation company’s stock worth $287,000 after acquiring an additional 393 shares during the period. Beech Hill Advisors Inc. lifted its position in shares of United Continental by 26.4% in the 1st quarter. Beech Hill Advisors Inc. now owns 4,075 shares of the transportation company’s stock worth $325,000 after acquiring an additional 850 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of United Continental in the 1st quarter worth approximately $332,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

About United Continental

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

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