United Continental Holdings Inc. (UAL) Research Coverage Started at Sanford C. Bernstein
Stock analysts at Sanford C. Bernstein initiated 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.
UAL has been the topic of a number of other reports. Vetr raised shares of 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. Credit Suisse Group AG set a $47.00 price target on shares of United Continental Holdings and gave the stock a “hold” rating in a report on Tuesday, September 13th. Cowen and Company reaffirmed an “outperform” rating and set a $60.00 price objective on shares of United Continental Holdings in a report on Wednesday, August 31st. Standpoint Research started coverage on shares of United Continental Holdings in a report on Thursday, August 25th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $63.18.
United Continental Holdings (NYSE:UAL) traded up 2.61% during trading on Monday, reaching $54.20. 3,989,939 shares of the company’s stock traded hands. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 2.96 and a beta of 0.53. United Continental Holdings has a 52-week low of $37.41 and a 52-week high of $61.87. The company’s 50 day moving average is $50.84 and its 200-day moving average is $48.50.
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United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.17. The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $3.31 EPS. On average, analysts anticipate that United Continental Holdings will post $7.98 earnings per share for the current fiscal year.
In other United Continental Holdings news, CFO Andrew C. Levy purchased 15,000 shares of United Continental Holdings stock in a transaction on Friday, September 2nd. The shares were acquired at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the transaction, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at $1,059,509.36. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.39% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA boosted its position in shares of United Continental Holdings by 0.3% in the second quarter. Primecap Management Co. CA now owns 19,587,105 shares of the company’s stock worth $803,855,000 after buying an additional 53,080 shares during the last quarter. Janus Capital Management LLC raised its stake in United Continental Holdings by 9.3% in the second quarter. Janus Capital Management LLC now owns 11,044,991 shares of the company’s stock worth $453,275,000 after buying an additional 935,246 shares during the period. Credit Capital Investments LLC raised its stake in United Continental Holdings by 3,631.1% in the second quarter. Credit Capital Investments LLC now owns 8,171,064 shares of the company’s stock worth $8,171,000 after buying an additional 7,952,064 shares during the period. AQR Capital Management LLC raised its stake in United Continental Holdings by 20.2% in the second quarter. AQR Capital Management LLC now owns 6,647,861 shares of the company’s stock worth $272,829,000 after buying an additional 1,116,414 shares during the period. Finally, AJO LP raised its stake in United Continental Holdings by 17.8% in the second quarter. AJO LP now owns 4,706,685 shares of the company’s stock worth $193,162,000 after buying an additional 712,313 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
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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