United Continental Receives a Buy from Imperial Capital

By Carrie Williams

Imperial Capital analyst Michael Derchin reiterated a Buy rating on United Continental (NYSE: UAL) today and set a price target of $75. The company’s shares closed yesterday at $67.56.

According to TipRanks.com, Derchin is a 5-star analyst with an average return of 21.9% and a 73.3% success rate. Derchin covers the Services sector, focusing on stocks such as Allegiant Travel Company, Air Transport Services, and Southwest Airlines.

United Continental has an analyst consensus of Moderate Buy, with a price target consensus of $82.50.

Based on United Continental’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $9.05 billion and quarterly net profit of $397 million. In comparison, last year the company earned revenue of $9.04 billion and had a net profit of $823 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Michael Bonds, the EVP HR and Labor Relations of UAL sold 4,739 shares for a total of $359,785.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

United Continental Holdings, Inc. engages in the operation of its principal, wholly-owned subsidiaries United Airlines, Inc. The company operates through the following geographical segment: Domestic (U.S. and Canada), Pacific, Atlantic, and Latin America. It offers satellite based Wi-Fi, including on long-haul overseas routes. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.