Cowen Analysts Give United Continental (NASDAQ:UAL) a $96.00 Price Target

Cowen set a $96.00 target price on United Continental (NASDAQ:UAL) in a research report released on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the transportation company’s stock.

UAL has been the subject of several other reports. Berenberg Bank initiated coverage on United Continental in a research note on Friday, September 6th. They issued a hold rating and a $95.00 price objective for the company. JPMorgan Chase & Co. reissued a buy rating on shares of United Continental in a research note on Friday, September 13th. Zacks Investment Research raised United Continental from a hold rating to a buy rating and set a $86.00 price objective for the company in a research note on Friday, August 16th. BidaskClub raised United Continental from a sell rating to a hold rating in a research note on Friday, September 13th. Finally, Morgan Stanley cut their price target on United Continental from $108.00 to $103.00 and set an overweight rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $102.71.

United Continental stock traded down $0.18 during mid-day trading on Friday, hitting $86.97. The company’s stock had a trading volume of 2,756,961 shares, compared to its average volume of 2,827,865. The firm’s 50 day moving average is $86.69 and its 200 day moving average is $86.32. The company has a market cap of $22.44 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.36 and a beta of 1.20. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.55 and a quick ratio of 0.49. United Continental has a 52-week low of $77.02 and a 52-week high of $97.85.

United Continental (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.07 by $0.14. The firm had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.37 billion. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.23 EPS. As a group, analysts forecast that United Continental will post 11.78 EPS for the current year.

In other news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $93.48, for a total transaction of $467,400.00. Following the transaction, the chief operating officer now owns 17,087 shares of the company’s stock, valued at approximately $1,597,292.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward Shapiro acquired 10,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $82.00 per share, for a total transaction of $820,000.00. Following the acquisition, the director now owns 182,707 shares in the company, valued at approximately $14,981,974. The disclosure for this purchase can be found here. Insiders have sold a total of 7,056 shares of company stock valued at $647,516 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of United Continental by 16.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,266,464 shares of the transportation company’s stock valued at $1,073,929,000 after acquiring an additional 1,690,744 shares during the last quarter. Lansdowne Partners UK LLP increased its holdings in shares of United Continental by 0.4% during the 2nd quarter. Lansdowne Partners UK LLP now owns 7,603,045 shares of the transportation company’s stock valued at $665,641,000 after acquiring an additional 29,296 shares during the last quarter. Invesco Ltd. increased its holdings in shares of United Continental by 2.9% during the 2nd quarter. Invesco Ltd. now owns 4,119,055 shares of the transportation company’s stock valued at $360,623,000 after acquiring an additional 114,421 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of United Continental by 318.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,819,233 shares of the transportation company’s stock valued at $159,274,000 after acquiring an additional 1,384,330 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in United Continental by 59.5% in the 2nd quarter. APG Asset Management N.V. now owns 1,725,800 shares of the transportation company’s stock valued at $132,678,000 after buying an additional 643,900 shares during the last quarter. 98.16% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: How is a management fee different from a performance fee?

Analyst Recommendations for United Continental (NASDAQ:UAL)

Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.