Citigroup upgraded shares of United Continental (NYSE:UAL) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has $76.00 target price on the transportation company’s stock.

Several other equities analysts also recently commented on UAL. Barclays reissued a buy rating and set a $90.00 target price on shares of United Continental in a research report on Thursday, September 14th. JPMorgan Chase & Co. downgraded shares of United Continental from an overweight rating to a neutral rating and lowered their target price for the stock from $84.00 to $68.00 in a research report on Friday, September 15th. Buckingham Research downgraded shares of United Continental from a buy rating to a neutral rating and increased their target price for the stock from $49.28 to $59.80 in a research report on Monday, September 18th. Raymond James Financial reissued a market perform rating on shares of United Continental in a research report on Wednesday, September 20th. Finally, Zacks Investment Research downgraded shares of United Continental from a hold rating to a strong sell rating in a research report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $81.69.

United Continental (NYSE UAL) traded up $1.95 during trading on Wednesday, reaching $78.40. 4,433,600 shares of the company’s stock traded hands, compared to its average volume of 4,190,000. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.53. The firm has a market capitalization of $23,230.00, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. United Continental has a 52-week low of $56.51 and a 52-week high of $83.04.

United Continental (NYSE:UAL) last posted its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The firm had revenue of $9.88 billion for 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 business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $3.11 earnings per share. equities research analysts forecast that United Continental will post 6.59 EPS for the current year.

United Continental announced that its board has initiated a share buyback plan on Thursday, December 7th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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

Hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of United Continental by 8.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,677 shares of the transportation company’s stock valued at $352,000 after buying an additional 366 shares during the period. People s United Financial Inc. lifted its stake in shares of United Continental by 3.1% in the second quarter. People s United Financial Inc. now owns 14,127 shares of the transportation company’s stock valued at $1,063,000 after buying an additional 425 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of United Continental by 9.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,889 shares of the transportation company’s stock valued at $443,000 after buying an additional 508 shares during the period. LS Investment Advisors LLC lifted its stake in shares of United Continental by 10.4% in the third quarter. LS Investment Advisors LLC now owns 8,976 shares of the transportation company’s stock valued at $546,000 after buying an additional 848 shares during the period. Finally, Hanseatic Management Services Inc. lifted its stake in shares of United Continental by 7.7% in the second quarter. Hanseatic Management Services Inc. now owns 13,852 shares of the transportation company’s stock valued at $1,042,000 after buying an additional 996 shares during the period. Institutional investors own 95.63% of the company’s stock.

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About United Continental

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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