United Continental’s (UAL) “Buy” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their buy rating on shares of United Continental (NASDAQ:UAL) in a report issued on Friday morning, TipRanks reports.

A number of other research analysts have also recently commented on UAL. Goldman Sachs Group raised United Continental from a neutral rating to a buy rating and set a $108.00 price target on the stock in a research report on Thursday, June 6th. Berenberg Bank started coverage on United Continental in a research report on Friday, September 6th. They set a hold rating and a $95.00 price target on the stock. Morgan Stanley raised United Continental from an equal weight rating to an overweight rating and upped their price target for the company from $101.00 to $110.00 in a research report on Monday, May 20th. Buckingham Research upped their price target on United Continental from $111.00 to $120.00 and gave the company a buy rating in a research report on Tuesday, July 16th. Finally, Zacks Investment Research raised United Continental from a hold rating to a buy rating and set a $86.00 price target on the stock in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $101.72.

Shares of NASDAQ UAL traded up $1.97 during trading on Friday, reaching $91.35. 2,755,141 shares of the stock traded hands, compared to its average volume of 2,224,486. United Continental has a 52-week low of $77.02 and a 52-week high of $97.85. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.55 and a quick ratio of 0.49. The company has a 50-day moving average of $86.52 and a 200-day moving average of $85.62. The stock has a market capitalization of $22.96 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 0.35 and a beta of 1.20.

United Continental (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.07 by $0.14. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The firm had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.37 billion. During the same quarter in the prior year, the firm earned $3.23 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts expect that United Continental will post 11.72 earnings per share for the current fiscal year.

In related news, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $82.00 per share, with a total value of $820,000.00. Following the acquisition, the director now owns 182,707 shares of the company’s stock, valued at approximately $14,981,974. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Corvi sold 1,032 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $86.37, for a total value of $89,133.84. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in UAL. Geode Capital Management LLC raised its holdings in shares of United Continental by 10.8% in the 4th quarter. Geode Capital Management LLC now owns 3,394,764 shares of the transportation company’s stock valued at $283,895,000 after acquiring an additional 331,999 shares in the last quarter. Comerica Bank raised its holdings in shares of United Continental by 0.3% in the 1st quarter. Comerica Bank now owns 43,045 shares of the transportation company’s stock valued at $3,638,000 after acquiring an additional 140 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of United Continental by 1.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 9,360 shares of the transportation company’s stock valued at $747,000 after acquiring an additional 147 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of United Continental by 10.5% in the 1st quarter. First Allied Advisory Services Inc. now owns 5,616 shares of the transportation company’s stock valued at $453,000 after acquiring an additional 532 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in shares of United Continental by 5.4% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 11,758 shares of the transportation company’s stock valued at $938,000 after acquiring an additional 600 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

United Continental Company Profile

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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Analyst Recommendations for United Continental (NASDAQ:UAL)

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