Credit Suisse Group AG Reiterates “$47.00” Price Target for United Continental Holdings Inc. (UAL)
United Continental Holdings Inc. (NYSE:UAL) has been given a $47.00 price objective by analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. The brokerage presently has a a “hold” rating on the stock. Credit Suisse Group AG’s target price points to a potential downside of 11.02% from the company’s current price.
Several other research firms have also recently weighed in on UAL. JPMorgan Chase & Co. lowered their price target 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 issued a $52.00 price target 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 target on the stock in a report on Monday, August 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.18.
Shares of United Continental Holdings (NYSE:UAL) traded down 2.15% during mid-day trading on Friday, reaching $52.82. The company had a trading volume of 2,577,634 shares. The stock has a 50 day moving average price of $50.69 and a 200 day moving average price of $48.56. The firm has a market capitalization of $17.03 billion, a PE ratio of 2.89 and a beta of 0.53. 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 analysts’ consensus estimates 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 quarter in the prior year, the firm posted $3.31 EPS. On average, equities analysts forecast that United Continental Holdings will post $7.98 earnings per share for the current year.
In other news, CFO Andrew C. Levy bought 15,000 shares of the stock in a transaction dated Friday, September 2nd. The stock was bought at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the purchase, the chief financial officer now directly owns 20,791 shares in the company, valued at approximately $1,059,509.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAL. BNP Paribas Arbitrage SA boosted its position in United Continental Holdings by 3.1% in the third quarter. BNP Paribas Arbitrage SA now owns 202,349 shares of the company’s stock worth $10,617,000 after buying an additional 6,078 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in United Continental Holdings during the second quarter worth approximately $556,000. Kentucky Retirement Systems purchased a new position in United Continental Holdings during the second quarter worth approximately $1,172,000. Mason Street Advisors LLC purchased a new position in United Continental Holdings during the second quarter worth approximately $1,856,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock worth $145,000 after buying an additional 1,700 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.
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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