United Continental (NASDAQ:UAL) posted its earnings results on Tuesday. The transportation company reported $2.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.64 by $0.03, RTT News reports. United Continental had a net margin of 6.60% and a return on equity of 30.06%. The firm had revenue of $10.89 billion for the quarter, compared to analysts’ expectations of $10.88 billion. During the same quarter last year, the firm earned $2.41 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year.
Shares of UAL stock opened at $85.79 on Wednesday. The company has a market capitalization of $22.70 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.34 and a beta of 1.13. United Continental has a 52-week low of $77.02 and a 52-week high of $96.03. The business’s fifty day moving average is $88.32 and its 200 day moving average is $89.02. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.48 and a current ratio of 0.54.
UAL has been the topic of a number of research reports. Credit Suisse Group lifted their price target on shares of United Continental from $117.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Cowen set a $96.00 price target on shares of United Continental and gave the stock a “hold” rating in a report on Friday, October 11th. UBS Group initiated coverage on shares of United Continental in a report on Tuesday, November 12th. They issued a “buy” rating and a $110.00 price target on the stock. Zacks Investment Research cut shares of United Continental from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a report on Thursday, December 19th. Finally, Evercore ISI raised shares of United Continental from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $105.00 to $125.00 in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $106.57.
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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