United Continental Holdings Inc (NASDAQ:UAL) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 16,507,700 shares, a growth of 21.6% from the June 30th total of 13,572,800 shares. Based on an average daily volume of 2,490,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 6.2% of the shares of the stock are sold short.
Several brokerages recently weighed in on UAL. Buckingham Research increased their target price on United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Imperial Capital restated an “underperform” rating and set a $81.00 target price (up from $78.00) on shares of United Continental in a report on Thursday, April 18th. Cowen restated a “market perform” rating and set a $99.00 target price (up from $97.00) on shares of United Continental in a report on Wednesday, April 17th. Morgan Stanley upgraded United Continental from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $101.00 to $110.00 in a report on Monday, May 20th. Finally, Goldman Sachs Group upgraded United Continental from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $102.76.
In other news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $93.48, for a total transaction of $467,400.00. Following the transaction, the chief operating officer now directly owns 17,087 shares in the company, valued at approximately $1,597,292.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
NASDAQ UAL traded down $2.78 on Wednesday, hitting $81.78. The company’s stock had a trading volume of 1,612,909 shares, compared to its average volume of 2,918,590. United Continental has a 52-week low of $77.02 and a 52-week high of $97.85. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55. The firm’s 50-day simple moving average is $90.21. The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.34 and a beta of 1.16.
United Continental (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.07 by $0.14. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The business had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.37 billion. During the same quarter last year, the business posted $3.23 EPS. The business’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that United Continental will post 11.64 earnings per share for the current fiscal year.
United Continental Company Profile
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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