United Continental’s (UAL) “Underperform” Rating Reiterated at Imperial Capital

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United Continental (NASDAQ:UAL)‘s stock had its “underperform” rating restated by analysts at Imperial Capital in a report issued on Thursday, Briefing.com Automated Import reports. They presently have a $81.00 target price on the transportation company’s stock, up from their prior target price of $78.00. Imperial Capital’s price objective would indicate a potential downside of 8.25% from the stock’s previous close. Imperial Capital also issued estimates for United Continental’s Q4 2019 earnings at $2.36 EPS, FY2019 earnings at $11.00 EPS and FY2020 earnings at $11.95 EPS.

UAL has been the topic of a number of other research reports. BidaskClub cut shares of United Continental from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Cowen reiterated a “market perform” rating and set a $99.00 price target (up previously from $97.00) on shares of United Continental in a report on Wednesday. Buckingham Research increased their price target on shares of United Continental from $109.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday. Standpoint Research cut shares of United Continental from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, ValuEngine cut shares of United Continental from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eight 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 price target of $101.41.

Shares of UAL opened at $88.28 on Thursday. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.40 and a beta of 0.96. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.47 and a current ratio of 0.54. United Continental has a fifty-two week low of $65.45 and a fifty-two week high of $97.85.

United Continental (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.21. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.62 billion. United Continental had a net margin of 5.15% and a return on equity of 27.73%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. As a group, equities analysts predict that United Continental will post 11.08 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of UAL. Consulta Ltd bought a new position in United Continental during the fourth quarter valued at approximately $6,280,000. Arrowgrass Capital Partners US LP bought a new position in United Continental during the fourth quarter valued at approximately $4,187,000. Game Creek Capital LP lifted its position in United Continental by 24.8% during the fourth quarter. Game Creek Capital LP now owns 89,200 shares of the transportation company’s stock valued at $7,469,000 after purchasing an additional 17,700 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in United Continental by 49.6% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 303,300 shares of the transportation company’s stock valued at $25,395,000 after purchasing an additional 100,600 shares during the period. Finally, Squarepoint Ops LLC lifted its position in United Continental by 647.9% during the fourth quarter. Squarepoint Ops LLC now owns 330,589 shares of the transportation company’s stock valued at $27,680,000 after purchasing an additional 286,389 shares during the period. Institutional investors own 98.11% of the company’s stock.

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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