United Continental (UAL) Rating Increased to Overweight at JPMorgan Chase & Co.

United Continental (NYSE:UAL) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a $95.00 target price on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.65% from the company’s current price.

UAL has been the subject of several other reports. Macquarie set a $91.00 price objective on shares of United Continental and gave the company a “hold” rating in a research note on Monday, October 8th. Zacks Investment Research downgraded shares of United Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Imperial Capital upped their price objective on shares of United Continental from $85.00 to $96.00 and gave the company an “in-line” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on shares of United Continental from $92.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, October 18th. Finally, Credit Suisse Group assumed coverage on shares of United Continental in a research note on Monday, November 19th. They set an “outperform” rating and a $113.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $99.47.

United Continental stock opened at $80.07 on Thursday. United Continental has a twelve month low of $60.44 and a twelve month high of $97.85.



United Continental (NYSE:UAL) last posted its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.01). The business had revenue of $11 billion for the quarter, compared to analyst estimates of $10.95 billion. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.22 earnings per share.

In related news, Director Edward Shapiro purchased 25,000 shares of United Continental stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average price of $92.92 per share, for a total transaction of $2,323,000.00. Following the completion of the transaction, the director now directly owns 152,707 shares of the company’s stock, valued at $14,189,534.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Moody National Bank Trust Division increased its position in shares of United Continental by 3.9% during the fourth quarter. Moody National Bank Trust Division now owns 4,566 shares of the transportation company’s stock valued at $382,000 after buying an additional 172 shares during the period. Motley Fool Asset Management LLC grew its holdings in United Continental by 19.0% in the third quarter. Motley Fool Asset Management LLC now owns 3,584 shares of the transportation company’s stock worth $319,000 after purchasing an additional 572 shares during the period. Parallel Advisors LLC grew its holdings in United Continental by 107.0% in the third quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock worth $121,000 after purchasing an additional 703 shares during the period. Mackenzie Financial Corp grew its holdings in United Continental by 2.8% in the third quarter. Mackenzie Financial Corp now owns 27,191 shares of the transportation company’s stock worth $2,422,000 after purchasing an additional 740 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in United Continental by 0.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 110,860 shares of the transportation company’s stock worth $9,873,000 after purchasing an additional 851 shares during the period. Institutional investors own 95.21% of the company’s stock.

About United Continental

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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