United Continental Holdings’ (NYSE:UAL) “Outperform” Rating Reiterated at Raymond James Financial, Inc.
United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “outperform” rating reiterated by research analysts at Raymond James Financial, Inc. in a research report issued on Friday. They currently have a $100.00 target price on the transportation company’s stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 24.73% from the company’s current price.
UAL has been the subject of a number of other reports. Vetr downgraded United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 target price for the company. in a research report on Tuesday, May 2nd. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. UBS AG increased their target price on United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup Inc. increased their target price on United Continental Holdings from $75.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, March 27th. Finally, Cowen and Company lowered their target price on United Continental Holdings from $75.00 to $72.00 and set a “market perform” rating for the company in a research report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. United Continental Holdings currently has an average rating of “Buy” and an average price target of $82.81.
Shares of United Continental Holdings (NYSE:UAL) traded down 1.00% during midday trading on Friday, hitting $79.37. 400,118 shares of the stock were exchanged. United Continental Holdings has a 52-week low of $40.70 and a 52-week high of $83.04. The firm’s 50-day moving average is $78.46 and its 200 day moving average is $73.92. The firm has a market cap of $24.58 billion, a PE ratio of 12.41 and a beta of 1.04.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Monday, April 17th. The transportation company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $8.42 billion during the quarter, compared to the consensus estimate of $8.38 billion. United Continental Holdings had a return on equity of 30.61% and a net margin of 5.56%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. On average, analysts forecast that United Continental Holdings will post $7.82 earnings per share for the current year.
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In other news, EVP Michael P. Bonds sold 9,971 shares of United Continental Holdings stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $78.86, for a total transaction of $786,313.06. Following the completion of the sale, the executive vice president now directly owns 8,716 shares in the company, valued at $687,343.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the sale, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of United Continental Holdings by 4,642.3% in the first quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock valued at $1,559,382,000 after buying an additional 21,609,536 shares in the last quarter. Credit Capital Investments LLC raised its position in shares of United Continental Holdings by 3,631.1% in the second quarter. Credit Capital Investments LLC now owns 8,171,064 shares of the transportation company’s stock valued at $8,171,000 after buying an additional 7,952,064 shares in the last quarter. LSV Asset Management raised its position in shares of United Continental Holdings by 4,689.0% in the second quarter. LSV Asset Management now owns 3,251,700 shares of the transportation company’s stock valued at $133,449,000 after buying an additional 3,183,800 shares in the last quarter. Douglas Lane & Associates LLC purchased a new position in shares of United Continental Holdings during the first quarter valued at approximately $86,730,000. Finally, State of New Jersey Common Pension Fund D raised its position in shares of United Continental Holdings by 27,400.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,375,000 shares of the transportation company’s stock valued at $56,430,000 after buying an additional 1,370,000 shares in the last quarter. Hedge funds and other institutional investors own 97.23% 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 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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