United Continental Holdings Inc. has reached an unprecedented milestone as its stock price soared to an all-time high of $115.3, with a robust market capitalization of $37.2 billion. According to InvestingPro data, the company maintains a healthy P/E ratio of ~13x, suggesting reasonable valuation metrics despite the recent surge. This remarkable peak reflects a significant turnaround for the airline, marking a robust 184.24% change over the past year. Investors and analysts alike are taking note of United's impressive ascent, with InvestingPro analysis revealing a "GREAT" overall financial health score and analysts setting price targets as high as $150. The surge to this record price level underscores the market's confidence in United Continental's operational performance and future prospects, as it flies high above its previous 52-week benchmarks. Discover 10+ additional exclusive insights about UAL through InvestingPro's comprehensive research reports, available for over 1,400 US stocks.
In other recent news, United Airlines reported strong fourth-quarter earnings, with an adjusted diluted earnings per share (EPS) of $3.26, surpassing consensus estimates. The company's revenue for the quarter also exceeded expectations across all categories, including passenger, cargo, and other operating revenues. Notably, cargo revenue saw a significant 20% increase compared to street expectations. Bernstein analysts maintained a positive outlook on United Continental shares, reiterating an Outperform rating with a price target of $115.00.
TD Cowen analysts also raised their price target for United Airlines shares, maintaining a Buy rating. They anticipate an adjusted earnings per share (EPS) of $2.99 for the fourth quarter, slightly above the Bloomberg consensus of $2.95.
The company has also seen changes in its board of directors, with Brian Noyes replacing Captain Anne Worster. This change was not due to any disagreements with the company regarding its operations, policies, or practices. In addition, United Airlines has made significant updates to its bylaws, further aligning the company's governance practices with current Delaware law and best practices. These are among the recent developments for United Airlines.
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