United Continental Holdings Inc. (NYSE:UAL) had its price target raised by Imperial Capital from $57.00 to $63.00 in a report published on Tuesday. They currently have an outperform rating on the stock.
Several other analysts also recently commented on UAL. Credit Suisse Group AG set a $47.00 price objective on shares of United Continental Holdings and gave the company a hold rating in a report on Tuesday, September 13th. JPMorgan Chase & Co. dropped their price objective on shares of United Continental Holdings from $72.00 to $61.50 and set an overweight rating on the stock in a report on Wednesday, July 27th. Morgan Stanley reaffirmed an overweight rating on shares of United Continental Holdings in a report on Wednesday, June 15th. Standpoint Research assumed coverage on shares of United Continental Holdings in a report on Thursday, August 25th. They issued a buy rating and a $70.00 price objective on the stock. Finally, Bank of America Corp. reaffirmed a hold rating and issued a $52.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $63.05.
Shares of United Continental Holdings (NYSE:UAL) opened at 53.52 on Tuesday. The company has a market capitalization of $17.26 billion, a P/E ratio of 2.92 and a beta of 0.53. The firm has a 50-day moving average of $51.23 and a 200-day moving average of $48.34. United Continental Holdings has a one year low of $37.41 and a one year high of $61.87.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.44 by $0.17. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.36 billion. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. During the same period in the prior year, the firm earned $3.31 EPS. Analysts forecast that United Continental Holdings will post $7.98 earnings per share for the current year.
In other United Continental Holdings news, CFO Andrew C. Levy bought 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 2nd. The stock was acquired at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the transaction, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at $1,059,509.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Bank of Nova Scotia boosted its stake in shares of United Continental Holdings by 0.3% in the second quarter. Bank of Nova Scotia now owns 7,000 shares of the company’s stock worth $287,000 after buying an additional 20 shares during the period. Allen Investment Management LLC boosted its stake in United Continental Holdings by 0.5% in the first quarter. Allen Investment Management LLC now owns 18,463 shares of the company’s stock valued at $1,105,000 after buying an additional 90 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in United Continental Holdings by 1.2% in the second quarter. I.G. Investment Management LTD. now owns 8,300 shares of the company’s stock valued at $341,000 after buying an additional 100 shares during the last quarter. IFP Advisors Inc boosted its stake in United Continental Holdings by 5.2% in the first quarter. IFP Advisors Inc now owns 2,133 shares of the company’s stock valued at $128,000 after buying an additional 105 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in United Continental Holdings by 2.1% in the second quarter. Pacer Advisors Inc. now owns 6,372 shares of the company’s stock valued at $262,000 after buying an additional 134 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.
About United Continental Holdings
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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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