United Continental Holdings Target of Unusually Large Options Trading (UAL)
Shares of United Continental Holdings (NYSE:UAL) were the target of some unusual options trading on Thursday. Stock traders purchased 17,449 put options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of 182% compared to the average daily volume of 6,191 put options.
UAL has been the subject of a number of recent research reports. 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 analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price 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’s 50-day moving average is $43.63 and its 200-day moving average is $43.96. The company has a market cap of $17.155 billion and a P/E ratio of 25.25.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.34 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.35 earnings per share. United Continental Holdings’s revenue was up 3.3% compared to the same quarter last year. 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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