United Continental (NYSE:UAL) was downgraded by equities researchers at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, The Fly reports.

Other research analysts also recently issued research reports about the stock. Morgan Stanley dropped their price objective on shares of United Continental from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday, July 12th. Cowen upped their target price on shares of United Continental from $77.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, July 19th. Buckingham Research upped their target price on shares of United Continental from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, July 19th. ValuEngine raised shares of United Continental from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, Citigroup reissued a “top pick” rating and issued a $99.00 target price on shares of United Continental in a research note on Thursday, July 19th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $86.20.

NYSE:UAL opened at $90.16 on Tuesday. United Continental has a 52-week low of $56.51 and a 52-week high of $91.39. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.56. The stock has a market cap of $23.75 billion, a PE ratio of 13.34, a P/E/G ratio of 0.51 and a beta of 0.75.

United Continental (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 17th. The transportation company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.16. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The company had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.72 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. research analysts expect that United Continental will post 8.13 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale boosted its position in United Continental by 14.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,456 shares of the transportation company’s stock valued at $467,000 after buying an additional 800 shares in the last quarter. Victory Capital Management Inc. boosted its position in United Continental by 10.1% in the first quarter. Victory Capital Management Inc. now owns 30,379 shares of the transportation company’s stock valued at $2,110,000 after buying an additional 2,799 shares in the last quarter. Aperio Group LLC boosted its position in United Continental by 0.6% in the first quarter. Aperio Group LLC now owns 137,861 shares of the transportation company’s stock valued at $9,577,000 after buying an additional 795 shares in the last quarter. Korea Investment CORP boosted its position in United Continental by 23.2% in the first quarter. Korea Investment CORP now owns 95,640 shares of the transportation company’s stock valued at $6,644,000 after buying an additional 18,040 shares in the last quarter. Finally, Hosking Partners LLP boosted its position in United Continental by 4.6% in the first quarter. Hosking Partners LLP now owns 505,324 shares of the transportation company’s stock valued at $35,105,000 after buying an additional 22,332 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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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