|Bid||51.50 x 1300|
|Ask||51.51 x 2500|
|Day's Range||51.42 - 52.41|
|52 Week Range||35.84 - 55.75|
|PE Ratio (TTM)||9.50|
|Dividend & Yield||0.81 (1.55%)|
|1y Target Est||N/A|
United Continental still has a lot of work to do to complete its turnaround. Management seems overly confident, considering that the company has made scant progress so far.
The government recently raked in thousands of dollars worth of fines from three major airlines. The U.S. Transportation Department cited Frontier Airlines , American Airlines (AAL) and Delta Air Lines (DAL) for violating rules aimed at protecting consumers. The fines — detailed in documents released late Friday — range from failing to make timely refunds to passengers to filing inaccurate baggage reports.
Last week’s negative reactions to United Continental Holdings Inc (NYSE:UAL) and Delta Air Lines, Inc. (NYSE:DAL) earnings marred a nice June performance for the sector. Fundamentally, valuations of JBLU stock are in line with their competitors, from a margin and price-to-earnings perspective. This is the basis of my trade setup.