United Continental Holdings Inc. (UAL) PT Raised to $65.00
United Continental Holdings Inc. (NYSE:UAL) had its price objective lifted by stock analysts at Imperial Capital to $65.00 in a research note issued on Tuesday. Imperial Capital’s price target would suggest a potential upside of 21.09% from the company’s previous close.
Several other brokerages have also commented on UAL. Standpoint Research reaffirmed a “buy” rating on shares of United Continental Holdings in a research note on Wednesday, July 27th. Credit Suisse Group AG lowered United Continental Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $64.00 to $42.00 in a research note on Wednesday, July 6th. JPMorgan Chase & Co. reduced their price objective on United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Vetr raised United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 price objective on the stock in a research note on Monday, August 29th. Finally, Cowen and Company reissued an “outperform” rating on shares of United Continental Holdings in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $63.17.
Shares of United Continental Holdings (NYSE:UAL) traded up 1.23% during trading on Tuesday, reaching $53.68. The company had a trading volume of 11,297,321 shares. The firm has a market capitalization of $17.31 billion, a P/E ratio of 2.93 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 has a 50 day moving average of $51.89 and a 200-day moving average of $48.17.
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United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Monday, October 17th. The company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.88 by $0.23. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. United Continental Holdings’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.53 EPS. Equities analysts expect 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 purchased 15,000 shares of the stock in a transaction on Friday, September 2nd. The stock was bought 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 $1,059,509.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in UAL. Parametrica Management Ltd acquired a new stake in shares of United Continental Holdings during the third quarter valued at about $249,000. Nisa Investment Advisors LLC increased its stake in shares of United Continental Holdings by 19.2% in the third quarter. Nisa Investment Advisors LLC now owns 77,076 shares of the company’s stock valued at $4,044,000 after buying an additional 12,435 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of United Continental Holdings during the third quarter valued at about $519,000. Hilton Capital Management LLC acquired a new stake in shares of United Continental Holdings during the third quarter valued at about $228,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of United Continental Holdings by 236.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 140,721 shares of the company’s stock valued at $7,384,000 after buying an additional 98,914 shares during the period. Institutional investors 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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