United Continental Holdings Inc (UAL) Given Consensus Rating of “Hold” by Analysts
Shares of United Continental Holdings Inc (NYSE:UAL) have been assigned an average recommendation of “Hold” from the seventeen research firms that are covering the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $69.11.
Several analysts have recently commented on UAL shares. Standpoint Research downgraded shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st. Imperial Capital reaffirmed an “in-line” rating and set a $75.00 price objective on shares of United Continental Holdings in a research report on Friday. Cowen and Company reaffirmed a “market perform” rating and set a $75.00 price objective on shares of United Continental Holdings in a research report on Wednesday, April 19th. Vetr downgraded shares of United Continental Holdings from a “strong-buy” rating to a “sell” rating and set a $65.32 price objective for the company. in a research report on Tuesday, April 11th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $59.00 price objective on shares of United Continental Holdings in a research report on Friday, March 3rd.
In related news, CFO Andrew C. Levy acquired 10,000 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were acquired at an average cost of $74.81 per share, for a total transaction of $748,100.00. Following the purchase, the chief financial officer now owns 20,199 shares in the company, valued at $1,511,087.19. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael P. Bonds sold 9,971 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $78.86, for a total value of $786,313.06. Following the transaction, the executive vice president now owns 8,716 shares in the company, valued at $687,343.76. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of United Continental Holdings by 45.0% in the third quarter. Wells Fargo & Company MN now owns 2,364,832 shares of the transportation company’s stock valued at $124,083,000 after buying an additional 733,924 shares during the period. Quantbot Technologies LP boosted its position in shares of United Continental Holdings by 36.6% in the third quarter. Quantbot Technologies LP now owns 51,223 shares of the transportation company’s stock valued at $2,687,000 after buying an additional 13,720 shares during the period. LMR Partners LLP bought a new position in shares of United Continental Holdings during the third quarter valued at $6,510,000. Hellman Jordan Management Co. Inc. MA bought a new position in shares of United Continental Holdings during the third quarter valued at $1,425,000. Finally, Todd Asset Management LLC bought a new position in shares of United Continental Holdings during the third quarter valued at $16,571,000. Institutional investors and hedge funds own 92.49% of the company’s stock.
Shares of United Continental Holdings (NYSE:UAL) traded up 2.70% during midday trading on Friday, hitting $78.03. The company had a trading volume of 1,429,277 shares. The company has a 50-day moving average of $72.57 and a 200-day moving average of $71.10. United Continental Holdings has a 12 month low of $37.41 and a 12 month high of $79.15. The company has a market capitalization of $24.16 billion, a PE ratio of 12.20 and a beta of 0.58.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Monday, April 17th. The transportation company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $8.42 billion during the quarter, compared to the consensus estimate of $8.38 billion. United Continental Holdings had a net margin of 6.19% and a return on equity of 35.62%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. Analysts predict that United Continental Holdings will post $7.12 earnings per share for the current year.
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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 flights 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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