Buckingham Research upgraded shares of United Continental (NYSE:UAL) from a neutral rating to a buy rating in a research report report published on Tuesday.

A number of other analysts also recently issued reports on the stock. TheStreet upgraded shares of United Continental from a c+ rating to a b rating in a report on Thursday, December 7th. Bank of America restated a buy rating and set a $84.00 price objective (down previously from $85.00) on shares of United Continental in a report on Tuesday, October 10th. Barclays restated a buy rating and set a $80.00 price objective on shares of United Continental in a report on Monday, September 25th. Stifel Nicolaus restated a buy rating and set a $110.00 price objective on shares of United Continental in a report on Wednesday, September 20th. Finally, Standpoint Research upgraded shares of United Continental from a hold rating to a buy rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $78.29.

Shares of United Continental (NYSE:UAL) opened at $64.43 on Tuesday. The company has a market cap of $19,126.05, a PE ratio of 9.03, a PEG ratio of 1.66 and a beta of 1.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. United Continental has a 1-year low of $56.51 and a 1-year high of $83.04.

United Continental (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.87 billion. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.11 earnings per share. sell-side analysts expect that United Continental will post 6.35 EPS for the current year.

United Continental declared that its Board of Directors has authorized a share repurchase program on Thursday, December 7th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

In other United Continental news, Director Robert A. Milton bought 1,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was purchased at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director now directly owns 6,176 shares of the company’s stock, valued at $361,913.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.27% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of UAL. Beach Investment Management LLC. bought a new position in United Continental during the second quarter worth about $227,000. DekaBank Deutsche Girozentrale boosted its position in United Continental by 15.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 8,319 shares of the transportation company’s stock worth $648,000 after purchasing an additional 1,137 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in United Continental by 20.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,130 shares of the transportation company’s stock worth $2,945,000 after purchasing an additional 6,578 shares during the period. State of Wisconsin Investment Board boosted its position in United Continental by 89.4% during the second quarter. State of Wisconsin Investment Board now owns 197,537 shares of the transportation company’s stock worth $14,865,000 after purchasing an additional 93,260 shares during the period. Finally, Legal & General Group Plc boosted its position in United Continental by 4.2% during the second quarter. Legal & General Group Plc now owns 495,718 shares of the transportation company’s stock worth $37,304,000 after purchasing an additional 20,206 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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United Continental Company Profile

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.

Analyst Recommendations for United Continental (NYSE:UAL)

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