United Continental (NASDAQ:UAL) Price Target Raised to $61.00 at Goldman Sachs Group

United Continental (NASDAQ:UAL) had its target price raised by Goldman Sachs Group from $40.00 to $61.00 in a research note published on Monday, The Fly reports. The brokerage currently has a buy rating on the transportation company’s stock.

UAL has been the topic of several other research reports. Argus cut shares of United Continental from a buy rating to a hold rating in a research report on Wednesday, March 11th. Barclays cut shares of United Continental from an overweight rating to a neutral rating and reduced their price target for the stock from $60.00 to $40.00 in a research report on Monday, May 4th. TheStreet cut shares of United Continental from a c- rating to a d+ rating in a research report on Friday, May 1st. Bank of America reduced their target price on shares of United Continental from $35.00 to $30.00 and set a neutral rating on the stock in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. cut shares of United Continental from an overweight rating to a neutral rating and reduced their target price for the company from $45.00 to $43.00 in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Continental presently has a consensus rating of Hold and a consensus price target of $61.75.

NASDAQ UAL opened at $34.14 on Monday. The firm’s 50-day moving average is $32.61 and its two-hundred day moving average is $52.40. United Continental has a 12 month low of $17.80 and a 12 month high of $96.03. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.49 and a quick ratio of 0.42. The stock has a market capitalization of $8.58 billion, a P/E ratio of 9.28 and a beta of 1.49.

United Continental (NASDAQ:UAL) last posted its earnings results on Thursday, April 30th. The transportation company reported ($2.57) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.36) by $0.79. United Continental had a net margin of 2.43% and a return on equity of 20.51%. The company had revenue of $7.98 billion for the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. United Continental’s revenue for the quarter was down 16.8% compared to the same quarter last year. As a group, analysts anticipate that United Continental will post -20.99 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. grew its holdings in United Continental by 8.7% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 7,941 shares of the transportation company’s stock valued at $700,000 after buying an additional 633 shares during the period. Franklin Resources Inc. raised its position in shares of United Continental by 2.8% in the 4th quarter. Franklin Resources Inc. now owns 22,013 shares of the transportation company’s stock valued at $1,939,000 after purchasing an additional 594 shares in the last quarter. Factory Mutual Insurance Co. raised its position in shares of United Continental by 12.9% during the 1st quarter. Factory Mutual Insurance Co. now owns 356,700 shares of the transportation company’s stock valued at $11,254,000 after acquiring an additional 40,800 shares in the last quarter. ProShare Advisors LLC raised its position in shares of United Continental by 12.3% during the 4th quarter. ProShare Advisors LLC now owns 232,840 shares of the transportation company’s stock valued at $20,511,000 after acquiring an additional 25,496 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in United Continental by 2.3% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 31,800 shares of the transportation company’s stock worth $1,003,000 after buying an additional 700 shares during the last quarter. 85.18% of the stock is owned by institutional investors.

About United Continental

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.

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