United Continental Holdings Sees Unusually Large Options Volume (UAL)
Shares of United Continental Holdings (NYSE:UAL) saw unusually large options trading activity on Monday. Stock traders acquired 6,361 put options on the company, AR Network reports. This is an increase of 119% compared to the average daily volume of 2,902 put options.
A number of analysts have recently weighed in on UAL shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of United Continental Holdings in a research note on Thursday, May 1st. They now have a $43.50 price target on the stock. Separately, analysts at Zacks downgraded shares of United Continental Holdings from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 1st. They now have a $43.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. United Continental Holdings currently has an average rating of “Hold” and a consensus target price of $48.27.
United Continental Holdings (NYSE:UAL) traded down 3.48% on Monday, hitting $46.38. The stock had a trading volume of 7,622,036 shares. 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 $42.64 and a 200-day moving average of $42.78. The company has a market cap of $17.323 billion and a P/E ratio of 47.62.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($1.33) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.98) earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts predict that United Continental Holdings will post $3.87 earnings per share for the current fiscal year.
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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