United Continental Holdings Inc. (UAL) Shares Down 1.5%
United Continental Holdings Inc. (NYSE:UAL) shares fell 1.5% during mid-day trading on Wednesday . The stock traded as low as $49.30 and last traded at $49.54, with a volume of 2,896,789 shares. The stock had previously closed at $50.31.
UAL has been the subject of a number of research analyst reports. Credit Suisse Group AG set a $47.00 target price on United Continental Holdings and gave the company a “hold” rating in a research report on Tuesday, September 13th. Cowen and Company reissued an “outperform” rating and issued a $60.00 target price on shares of United Continental Holdings in a research report on Wednesday, August 31st. Raymond James Financial Inc. raised United Continental Holdings from a “market perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Tuesday, August 30th. Vetr raised United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 target price for the company in a research report on Monday, August 29th. Finally, Standpoint Research initiated coverage on United Continental Holdings in a research report on Thursday, August 25th. They issued a “buy” rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $63.18.
The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 2.74 and a beta of 0.45. The firm has a 50 day moving average price of $49.27 and a 200-day moving average price of $48.99.
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United Continental Holdings (NYSE:UAL) last issued its earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.17. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. The company earned $9.40 billion during the quarter, compared to the consensus estimate of $9.36 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. On average, equities analysts expect that United Continental Holdings Inc. will post $7.98 earnings per share for the current year.
In other United Continental Holdings news, CFO Andrew C. Levy purchased 15,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were bought at an average price of $50.96 per share, with a total value of $764,400.00. Following the completion of the acquisition, the chief financial officer now owns 20,791 shares in the company, valued at approximately $1,059,509.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in United Continental Holdings by 3.4% in the first quarter. Legal & General Group Plc now owns 430,225 shares of the company’s stock worth $25,757,000 after buying an additional 14,102 shares during the period. Pictet Asset Management Ltd. boosted its stake in United Continental Holdings by 2.5% in the first quarter. Pictet Asset Management Ltd. now owns 97,659 shares of the company’s stock worth $5,592,000 after buying an additional 2,400 shares during the period. Creative Planning boosted its stake in United Continental Holdings by 64.7% in the second quarter. Creative Planning now owns 102,144 shares of the company’s stock worth $4,192,000 after buying an additional 40,143 shares during the period. Aviva PLC boosted its stake in United Continental Holdings by 0.9% in the first quarter. Aviva PLC now owns 48,530 shares of the company’s stock worth $2,905,000 after buying an additional 411 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in United Continental Holdings by 142.1% in the first quarter. Squarepoint Ops LLC now owns 83,819 shares of the company’s stock worth $5,018,000 after buying an additional 49,204 shares during the period. 93.39% of the stock is currently owned by institutional investors.
About United Continental Holdings
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates an average of approximately 5,000 flights a day to over 340 airports across six continents from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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