ValuEngine Upgrades United Continental (UAL) to “Strong-Buy”
United Continental (NYSE:UAL) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Thursday.
Several other equities research analysts also recently commented on the stock. Sanford C. Bernstein upgraded shares of United Continental from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. downgraded shares of United Continental from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $68.00 to $60.00 in a research report on Wednesday, November 1st. Buckingham Research upgraded shares of United Continental from a “neutral” rating to a “buy” rating and raised their price target for the stock from $65.00 to $81.00 in a report on Tuesday, December 19th. Standpoint Research upgraded shares of United Continental from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, Zacks Investment Research upgraded shares of United Continental from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $83.03.
Shares of United Continental (UAL) opened at $67.51 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.49 and a debt-to-equity ratio of 1.44. United Continental has a 1 year low of $56.51 and a 1 year high of $83.04. The company has a market cap of $20,000.00, a P/E ratio of 10.53 and a beta of 0.98.
United Continental announced that its board has authorized a stock repurchase plan on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC increased its stake in shares of United Continental by 1,100.8% in the 4th quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 1,387 shares in the last quarter. Focused Wealth Management Inc bought a new stake in shares of United Continental in the 4th quarter valued at $135,000. Deltec Asset Management LLC bought a new stake in shares of United Continental in the 4th quarter valued at $203,000. Beach Investment Counsel Inc. PA bought a new stake in shares of United Continental in the 4th quarter valued at $204,000. Finally, Wetherby Asset Management Inc. bought a new stake in shares of United Continental in the 4th quarter valued at $208,000. Institutional investors own 94.79% of the company’s stock.
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About United Continental
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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