United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “market perform” rating reiterated by analysts at Cowen and Company in a research note issued on Thursday. They currently have a $70.00 price target on the transportation company’s stock, up from their prior price target of $63.00. Cowen and Company’s price objective indicates a potential upside of 3.60% from the company’s previous close.
Several other equities analysts also recently commented on UAL. Atlantic Securities initiated coverage on United Continental Holdings in a research report on Tuesday, June 20th. They set an “overweight” rating and a $100.00 target price for the company. Bank of America Corporation dropped their price target on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a report on Friday, June 30th. BidaskClub cut United Continental Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. UBS AG raised their price target on United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. raised their price target on United Continental Holdings from $78.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $80.19.
Shares of United Continental Holdings (UAL) traded up 1.40% on Thursday, reaching $67.57. The company had a trading volume of 4,082,127 shares. United Continental Holdings has a 12 month low of $52.21 and a 12 month high of $83.04. The company’s 50-day moving average is $61.84 and its 200 day moving average is $70.63. The firm has a market capitalization of $20.56 billion, a PE ratio of 9.34 and a beta of 1.05.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. United Continental Holdings’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. Equities analysts forecast that United Continental Holdings will post $6.40 earnings per share for the current year.
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In other news, Director Edward Shapiro bought 15,000 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $59.87 per share, with a total value of $898,050.00. Following the purchase, the director now owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.27% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAL. MCF Advisors LLC increased its stake in shares of United Continental Holdings by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of United Continental Holdings in the 1st quarter valued at $122,000. FNY Partners Fund LP increased its stake in shares of United Continental Holdings by 2,073.9% in the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the period. Sun Life Financial INC increased its stake in shares of United Continental Holdings by 18,645.5% in the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after buying an additional 2,051 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of United Continental Holdings in the 2nd quarter valued at $181,000. 97.69% of the stock is owned by institutional investors.
United Continental Holdings Company Profile
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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