United Continental Holdings Inc. (UAL) Price Target Increased to $63.00 by Analysts at Imperial Capital
United Continental Holdings Inc. (NYSE:UAL) had its target price hoisted by research analysts at Imperial Capital to $63.00 in a report issued on Tuesday. Imperial Capital’s price objective points to a potential upside of 16.24% from the company’s previous close.
A number of other analysts have also recently commented on UAL. Morgan Stanley reaffirmed an “overweight” rating on shares of United Continental Holdings in a research report on Wednesday, June 15th. Zacks Investment Research cut United Continental Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 16th. Credit Suisse Group AG reaffirmed an “underweight” rating on shares of United Continental Holdings in a research report on Saturday, June 25th. Deutsche Bank AG raised 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 issued a $52.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. United Continental Holdings currently has an average rating of “Buy” and a consensus price target of $63.05.
Shares of United Continental Holdings (NYSE:UAL) traded down 1.03% during trading on Tuesday, reaching $53.64. The company had a trading volume of 3,397,452 shares. United Continental Holdings has a 52 week low of $37.41 and a 52 week high of $61.87. The stock’s 50-day moving average price is $51.04 and its 200-day moving average price is $48.30. The company has a market capitalization of $17.29 billion, a PE ratio of 2.93 and a beta of 0.53.
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United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.17. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. The company earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. On average, equities analysts expect that United Continental Holdings will post $7.98 EPS for the current fiscal year.
In related news, CFO Andrew C. Levy purchased 15,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.39% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in United Continental Holdings by 5.2% in the first quarter. IFP Advisors Inc now owns 2,133 shares of the company’s stock worth $128,000 after buying an additional 105 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in United Continental Holdings by 5.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,200 shares of the company’s stock worth $1,568,000 after buying an additional 1,276 shares during the period. Franklin Resources Inc. raised its stake in United Continental Holdings by 1.0% in the first quarter. Franklin Resources Inc. now owns 1,149,691 shares of the company’s stock worth $68,821,000 after buying an additional 11,171 shares during the period. Advisor Partners LLC bought a new stake in United Continental Holdings during the first quarter worth about $252,000. Finally, Landscape Capital Management L.L.C. raised its stake in United Continental Holdings by 38.4% in the first quarter. Landscape Capital Management L.L.C. now owns 9,162 shares of the company’s stock worth $548,000 after buying an additional 2,542 shares during the period. Institutional investors and hedge funds 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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