United Continental Holdings Inc. (UAL) PT Raised to $65.00
United Continental Holdings Inc. (NYSE:UAL) had its target price lifted by Imperial Capital to $65.00 in a research report issued on Tuesday. Imperial Capital’s price objective would indicate a potential upside of 21.09% from the company’s previous close.
Several other research analysts also recently issued reports on UAL. Credit Suisse Group AG restated an “underweight” rating on shares of United Continental Holdings in a report on Saturday, June 25th. Deutsche Bank AG upgraded shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, July 12th. Bank of America Corp. restated a “hold” rating and set a $52.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 20th. Standpoint Research restated a “buy” rating on shares of United Continental Holdings in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating on the stock in a report on Wednesday, July 27th. 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 given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $63.17.
United Continental Holdings (NYSE:UAL) traded up 1.23% during midday trading on Tuesday, hitting $53.68. The stock had a trading volume of 11,297,321 shares. The stock’s 50 day moving average price is $51.89 and its 200-day moving average price is $48.17. United Continental Holdings has a 52 week low of $37.41 and a 52 week high of $61.87. The company has a market cap of $17.31 billion, a PE ratio of 2.93 and a beta of 0.53.
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United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Monday, October 17th. The company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.23. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the previous year, the firm posted $4.53 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. Equities research analysts predict that United Continental Holdings will post $7.98 earnings per share for the current year.
In other United Continental Holdings news, CFO Andrew C. Levy acquired 15,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in UAL. IFP Advisors Inc raised 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 $107,000. Northwestern Mutual Wealth Management Co. raised 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 raised 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, Hilton Capital Management LLC acquired a new position in shares of United Continental Holdings during the third quarter valued at $228,000. 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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