United Continental (NYSE:UAL) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has a $100.00 price target on the transportation company’s stock, up from their prior price target of $91.00. Deutsche Bank’s price objective indicates a potential upside of 14.82% from the stock’s current price.

A number of other research firms have also weighed in on UAL. Macquarie lowered shares of United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 target price on the stock. in a research note on Tuesday, September 18th. They noted that the move was a valuation call. Morgan Stanley set a $92.00 target price on shares of United Continental and gave the stock a “hold” rating in a research note on Tuesday, September 18th. Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Monday, October 1st. Imperial Capital upped their target price on shares of United Continental from $85.00 to $96.00 and gave the stock an “in-line” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Finally, Buckingham Research set a $108.00 target price on shares of United Continental and gave the stock a “buy” rating in a research note on Friday, September 7th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $97.47.

Shares of NYSE:UAL opened at $87.09 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.56 and a current ratio of 0.63. The stock has a market cap of $23.75 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 0.51 and a beta of 0.75. United Continental has a 1 year low of $56.51 and a 1 year high of $91.39.

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

A number of institutional investors and hedge funds have recently made changes to their positions in UAL. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in United Continental by 14.7% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 28,270 shares of the transportation company’s stock valued at $1,964,000 after purchasing an additional 3,625 shares in the last quarter. Natixis acquired a new position in United Continental in the first quarter valued at approximately $3,799,000. LPL Financial LLC boosted its holdings in United Continental by 23.0% in the first quarter. LPL Financial LLC now owns 17,997 shares of the transportation company’s stock valued at $1,250,000 after purchasing an additional 3,361 shares in the last quarter. Millennium Management LLC boosted its holdings in United Continental by 15.2% in the first quarter. Millennium Management LLC now owns 147,469 shares of the transportation company’s stock valued at $10,245,000 after purchasing an additional 19,480 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its holdings in United Continental by 13.1% in the first quarter. Atlantic Trust Group LLC now owns 12,791 shares of the transportation company’s stock valued at $889,000 after purchasing an additional 1,486 shares in the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

United Continental Company Profile

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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Analyst Recommendations for United Continental (NYSE:UAL)

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