United Continental Holdings Inc. (UAL) Given New $63.00 Price Target at Imperial Capital
United Continental Holdings Inc. (NYSE:UAL) had its price objective boosted by stock analysts at Imperial Capital to $63.00 in a note issued to investors on Tuesday. Imperial Capital’s price target would suggest a potential upside of 16.24% from the company’s current price.
UAL has been the subject of several other research reports. Vetr upgraded shares of 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 note on Monday, August 29th. Credit Suisse Group AG set a $47.00 target price on shares of United Continental Holdings and gave the stock a “hold” rating in a research note on Tuesday, September 13th. Cowen and Company restated an “outperform” rating and issued a $60.00 target price on shares of United Continental Holdings in a research note on Wednesday, August 31st. Standpoint Research initiated coverage on shares of United Continental Holdings in a research note on Thursday, August 25th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Bank of America Corp. restated a “hold” rating and issued a $52.00 target price on shares of United Continental Holdings in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental Holdings has a consensus rating of “Buy” and an average target price of $63.05.
Shares of United Continental Holdings (NYSE:UAL) traded down 1.24% during trading on Tuesday, reaching $53.53. 3,212,249 shares of the company traded hands. The firm’s 50 day moving average price is $51.04 and its 200-day moving average price is $48.30. United Continental Holdings has a 52 week low of $37.41 and a 52 week high of $61.87. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of 2.93 and a beta of 0.53.
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United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.17. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. The company earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter last year, the business earned $3.31 EPS. Equities analysts anticipate that United Continental Holdings will post $7.98 EPS for the current fiscal year.
In related news, CFO Andrew C. Levy bought 15,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was purchased at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the acquisition, the chief financial officer now owns 20,791 shares in the company, valued at $1,059,509.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in UAL. IFP Advisors Inc increased its stake in United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock worth $105,000 after buying an additional 418 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in United Continental Holdings during the second quarter worth about $107,000. Northwestern Mutual Wealth Management Co. increased its stake 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. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in 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 worth $172,000 after buying an additional 3,144 shares during the last quarter. Finally, Advisor Group Inc. bought a new stake in United Continental Holdings during the second quarter worth about $176,000. Hedge funds and other 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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