United Continental (NYSE:UAL) had its price target decreased by equities researchers at Imperial Capital to $91.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has an “in-line” rating on the transportation company’s stock. Imperial Capital’s price objective points to a potential upside of 2.84% from the company’s previous close. Imperial Capital also issued estimates for United Continental’s Q3 2018 earnings at $3.04 EPS, Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $8.20 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $3.89 EPS, Q3 2019 earnings at $3.72 EPS, Q4 2019 earnings at $1.75 EPS and FY2019 earnings at $9.60 EPS. The analysts noted that the move was a valuation call.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Monday, October 1st. Buckingham Research boosted their price objective on shares of United Continental from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 19th. ValuEngine raised shares of United Continental from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Bank of America boosted their price objective on shares of United Continental from $94.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Finally, Morgan Stanley boosted their target price on shares of United Continental from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 19th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $97.27.

Shares of UAL opened at $88.49 on Tuesday. United Continental has a 52 week low of $56.51 and a 52 week high of $91.39. The company has a market cap of $23.75 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.51 and a beta of 0.75. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.56.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). United Continental had a net margin of 5.23% and a return on equity of 24.28%. The company had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.95 billion. During the same period in the previous year, the firm posted $2.22 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts predict that United Continental will post 8.13 EPS for the current year.

A number of hedge funds have recently bought and sold shares of UAL. BlueMountain Capital Management LLC bought a new stake in United Continental in the second quarter worth approximately $102,000. Adviser Investments LLC bought a new stake in United Continental in the second quarter worth approximately $112,000. Gables Capital Management Inc. bought a new stake in United Continental in the first quarter worth approximately $139,000. Summit Trail Advisors LLC grew its position in United Continental by 9,454.7% in the first quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock worth $140,000 after acquiring an additional 138,322 shares in the last quarter. Finally, Advisors Preferred LLC grew its position in United Continental by 521.1% in the second quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock worth $172,000 after acquiring an additional 2,074 shares in the last quarter. 95.21% of the stock is owned by institutional investors.

About United Continental

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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