Investors Buy Large Volume of United Continental Holdings Call Options (UAL)
Shares of United Continental Holdings (NYSE:UAL) were the target of some unusual options trading activity on Thursday. Stock investors acquired 32,040 call options on the stock, Analyst Ratings Network.com reports. This represents an increase of 124% compared to the average volume of 14,300 call options.
A number of research firms have recently commented on UAL. Analysts at JPMorgan Chase & Co. upgraded shares of United Continental Holdings from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 30th. They now have a $60.50 price target on the stock, up previously from $43.50. Separately, analysts at Barclays raised their price target on shares of United Continental Holdings from $46.00 to $48.00 in a research note on Monday, July 28th. They now have an “underweight” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of United Continental Holdings in a research note on Friday, July 25th. They now have a $55.00 price target on the stock, up previously from $50.00. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. United Continental Holdings presently has a consensus rating of “Buy” and an average price target of $51.33.
United Continental Holdings (NYSE:UAL) traded up 4.10% during mid-day trading on Thursday, hitting $45.92. 5,620,924 shares of the company’s stock traded hands. United Continental Holdings has a 1-year low of $27.32 and a 1-year high of $49.28. The stock has a 50-day moving average of $43.63 and a 200-day moving average of $43.96. The company has a market cap of $17.155 billion and a price-to-earnings ratio of 25.25.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Thursday, July 24th. 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. Analysts expect that United Continental Holdings will post $4.52 EPS 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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