Credit Suisse Group AG Analysts Give United Continental Holdings Inc. (UAL) a $47.00 Price Target
United Continental Holdings Inc. (NYSE:UAL) has been assigned a $47.00 price objective by stock analysts at Credit Suisse Group AG in a research note issued to investors on Friday. The firm presently has a a “hold” rating on the stock. Credit Suisse Group AG’s price target points to a potential downside of 12.93% from the stock’s current price.
Several other analysts have also recently issued reports on UAL. JPMorgan Chase & Co. decreased their price objective on United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating on the stock in a report on Wednesday, July 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of United Continental Holdings in a report on Wednesday, June 15th. Standpoint Research reaffirmed a “buy” rating on shares of United Continental Holdings in a report on Wednesday, July 27th. Bank of America Corp. reaffirmed a “hold” rating and set a $52.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 20th. Finally, Vetr raised United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 price objective on the stock in a report on Monday, August 29th. One 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 given a strong buy rating to the company’s stock. United Continental Holdings currently has an average rating of “Buy” and an average target price of $63.18.
United Continental Holdings (NYSE:UAL) traded down 1.82% during mid-day trading on Friday, reaching $53.00. 1,868,140 shares of the company traded hands. The firm has a market capitalization of $17.09 billion, a P/E ratio of 2.90 and a beta of 0.53. The company’s 50 day moving average price is $50.69 and its 200 day moving average price is $48.56. United Continental Holdings has a 12-month low of $37.41 and a 12-month high of $61.87.
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United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.17. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same period in the prior year, the firm earned $3.31 EPS. Equities research analysts predict that United Continental Holdings will post $7.98 EPS for the current year.
In related news, CFO Andrew C. Levy acquired 15,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 20,791 shares in the company, valued at $1,059,509.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.39% of the company’s stock.
Large investors have recently modified their holdings of the stock. Strs Ohio increased its stake in shares of United Continental Holdings by 8,368.8% in the second quarter. Strs Ohio now owns 569,526 shares of the company’s stock worth $23,373,000 after buying an additional 562,801 shares during the last quarter. Legal & General Group Plc increased its stake in shares of 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 last quarter. Retirement Systems of Alabama increased its stake in shares of United Continental Holdings by 134.0% in the second quarter. Retirement Systems of Alabama now owns 421,643 shares of the company’s stock worth $17,304,000 after buying an additional 241,462 shares during the last quarter. Convergence Investment Partners LLC increased its stake in shares of United Continental Holdings by 12.0% in the second quarter. Convergence Investment Partners LLC now owns 66,921 shares of the company’s stock worth $2,746,000 after buying an additional 7,193 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in shares of 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 last quarter. 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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