United Continental Holdings Inc. (UAL) Coverage Initiated at Sanford C. Bernstein
Investment analysts at Sanford C. Bernstein assumed coverage on shares of United Continental Holdings Inc. (NYSE:UAL) in a research note issued on Monday. The firm set a “market perform” rating on the stock.
Several other brokerages have also weighed in on UAL. Morgan Stanley reissued an “overweight” rating on shares of United Continental Holdings in a report on Wednesday, June 15th. Zacks Investment Research lowered shares of United Continental Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, June 16th. Credit Suisse Group AG reissued an “underweight” rating on shares of United Continental Holdings in a report on Saturday, June 25th. Deutsche Bank AG raised shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Tuesday, July 12th. Finally, Bank of America Corp. reissued a “hold” rating and set a $52.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, five 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 a consensus rating of “Buy” and an average price target of $63.18.
Shares of United Continental Holdings (NYSE:UAL) traded up 2.61% on Monday, hitting $54.20. 3,989,939 shares of the stock were exchanged. United Continental Holdings has a one year low of $37.41 and a one year high of $61.87. The firm’s 50 day moving average price is $50.84 and its 200 day moving average price is $48.50. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 2.96 and a beta of 0.53.
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United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.17. The business earned $9.40 billion during the quarter, compared to analyst estimates of $9.36 billion. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. During the same period last year, the business earned $3.31 EPS. Equities analysts anticipate that United Continental Holdings will post $7.98 earnings per share for the current year.
In related news, CFO Andrew C. Levy purchased 15,000 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were bought at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the transaction, the chief financial officer now owns 20,791 shares of the company’s stock, valued at $1,059,509.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock valued at $105,000 after buying an additional 418 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of United Continental Holdings during the second quarter valued at about $107,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $145,000 after buying an additional 1,700 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of United Continental Holdings by 302.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,182 shares of the company’s stock valued at $172,000 after buying an additional 3,144 shares in the last quarter. Finally, Advisor Group Inc. acquired a new position in shares of United Continental Holdings during the second quarter valued at about $176,000. 93.39% of the stock is currently owned by institutional investors.
United Continental Holdings Company Profile
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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