United Continental Holdings Given Neutral Rating at JPMorgan Chase & Co. (UAL)
United Continental Holdings (NYSE:UAL)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Thursday, Analyst Ratings.Net reports. They currently have a $43.50 price target on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 6.30% from the stock’s previous close.
United Continental Holdings (NYSE:UAL) traded up 0.12% on Thursday, hitting $40.92. 3,201,442 shares of the company’s stock traded hands. United Continental Holdings has a 52 week low of $27.32 and a 52 week high of $49.20. The stock has a 50-day moving average of $43.88 and a 200-day moving average of $41.01. The company has a market cap of $15.284 billion and a P/E ratio of 40.51.
United Continental Holdings (NYSE:UAL) last released its earnings data on Thursday, April 24th. The company reported ($1.33) earnings per share for the quarter, beating the analysts’ consensus estimate of ($1.35) by $0.02. The company had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter last year, the company posted ($0.98) earnings per share. United Continental Holdings’s revenue was down .3% compared to the same quarter last year. Analysts expect that United Continental Holdings will post $3.97 EPS for the current fiscal year.
UAL has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of United Continental Holdings from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $43.00 price target on the stock. Separately, analysts at Cowen and Company cut their price target on shares of United Continental Holdings from $56.00 to $50.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays cut their price target on shares of United Continental Holdings from $50.00 to $46.00 in a research note on Thursday, April 17th. They now have an “underweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $48.42.
In other United Continental Holdings news, CEO Jeffery Smisek acquired 20,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $39.62 per share, for a total transaction of $792,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,838 shares in the company, valued at approximately $19,328,142. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
United Continental Holdings, Inc (NYSE:UAL) is a holding company and its principal, wholly owned subsidiaries are United Air Lines, Inc (United) and Continental Airlines, Inc (Continental).
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