United Continental Holdings Hits New 52-Week High Following Strong Earnings (UAL)
United Continental Holdings (NYSE:UAL) hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement, Analyst Ratings Network reports. The company traded as high as $49.28 and last traded at $46.41, with a volume of 8,427,442 shares traded. The stock had previously closed at $46.00.
The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.18. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.31 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.
UAL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of United Continental Holdings in a research note on Monday, July 14th. They now have a $48.00 price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of United Continental Holdings in a research note on Friday, July 11th. They now have a $46.00 price target on the stock, up previously from $42.00. Finally, analysts at Imperial Capital reiterated an “in-line” rating on shares of United Continental Holdings in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.70.
In other United Continental Holdings news, COO Gregory L. Hart sold 1,040 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $45.73, for a total value of $47,559.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
The stock has a 50-day moving average of $43.5 and a 200-day moving average of $43.97. The company has a market cap of $17.282 billion and a P/E ratio of 45.59.
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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