United Continental Holdings Inc (UAL) Given New $72.00 Price Target at Cowen and Company
United Continental Holdings Inc (NYSE:UAL) had its target price cut by stock analysts at Cowen and Company from $75.00 to $72.00 in a report released on Monday. The brokerage currently has a “market perform” rating on the stock. Cowen and Company’s price target would suggest a potential upside of 6.68% from the company’s previous close.
Several other research analysts have also issued reports on the company. Imperial Capital lowered their price objective on United Continental Holdings from $82.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday. Zacks Investment Research lowered United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. Sanford C. Bernstein reissued a “market perform” rating and issued a $59.00 price objective on shares of United Continental Holdings in a research report on Friday, March 3rd. Standpoint Research lowered United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st. Finally, S&P Equity Research reissued a “buy” rating on shares of United Continental Holdings in a research report on Thursday, January 19th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $67.18.
Shares of United Continental Holdings (NYSE:UAL) traded up 1.05% during midday trading on Monday, reaching $67.49. The company had a trading volume of 4,326,005 shares. United Continental Holdings has a one year low of $37.41 and a one year high of $76.80. The firm has a market capitalization of $21.23 billion, a P/E ratio of 9.85 and a beta of 0.58. The company has a 50 day moving average price of $72.78 and a 200-day moving average price of $65.15.
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United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Tuesday, January 17th. The company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.05. The company earned $9.05 billion during the quarter, compared to analysts’ expectations of $8.89 billion. United Continental Holdings had a return on equity of 35.62% and a net margin of 6.19%. United Continental Holdings’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 EPS. On average, analysts anticipate that United Continental Holdings will post $6.72 EPS for the current fiscal year.
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In other United Continental Holdings news, CFO Andrew C. Levy bought 10,000 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were purchased at an average price of $74.81 per share, for a total transaction of $748,100.00. Following the purchase, the chief financial officer now directly owns 20,199 shares of the company’s stock, valued at $1,511,087.19. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Boston Advisors LLC boosted its stake in United Continental Holdings by 3.9% in the third quarter. Boston Advisors LLC now owns 14,631 shares of the company’s stock worth $768,000 after buying an additional 555 shares during the period. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in United Continental Holdings during the third quarter worth approximately $640,000. Nationwide Fund Advisors boosted its stake in United Continental Holdings by 32.2% in the third quarter. Nationwide Fund Advisors now owns 226,683 shares of the company’s stock worth $11,894,000 after buying an additional 55,212 shares during the period. Acadian Asset Management LLC boosted its stake in United Continental Holdings by 7,523.3% in the third quarter. Acadian Asset Management LLC now owns 9,148 shares of the company’s stock worth $480,000 after buying an additional 9,028 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in United Continental Holdings during the third quarter worth approximately $371,000. 92.49% of the stock is currently owned by institutional investors.
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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