United Continental Holdings, Inc. (UAL) Price Target Increased to $85.00 by Analysts at Morgan Stanley
United Continental Holdings, Inc. (NYSE:UAL) had its price target raised by investment analysts at Morgan Stanley from $79.00 to $85.00 in a report issued on Thursday. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price objective indicates a potential upside of 17.92% from the company’s previous close.
A number of other research firms have also issued reports on UAL. UBS AG reissued a “buy” rating and set a $103.00 price target (up previously from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Bank of America Corporation reaffirmed a “buy” rating and issued a $105.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $86.00 price objective on shares of United Continental Holdings in a report on Thursday, July 13th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $100.00 price target on shares of United Continental Holdings in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of United Continental Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. 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 assigned a strong buy rating to the stock. United Continental Holdings currently has an average rating of “Buy” and an average target price of $82.94.
United Continental Holdings (UAL) traded down 2.91% on Thursday, hitting $72.08. The stock had a trading volume of 8,095,739 shares. The firm’s 50-day moving average is $78.24 and its 200-day moving average is $74.27. United Continental Holdings has a 52-week low of $44.15 and a 52-week high of $83.04. The company has a market cap of $22.32 billion, a P/E ratio of 11.27 and a beta of 1.04.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.76% and a net margin of 6.09%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period last year, the firm earned $2.61 earnings per share. United Continental Holdings’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts anticipate that United Continental Holdings will post $7.90 earnings per share for the current fiscal year.
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In related news, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total value of $230,490.00. Following the transaction, the executive vice president now directly owns 28,369 shares in the company, valued at approximately $2,179,590.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward Shapiro bought 10,000 shares of the stock in a transaction that occurred on Thursday, April 27th. The stock was purchased at an average price of $69.35 per share, for a total transaction of $693,500.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $693,500. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its stake in United Continental Holdings by 65.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 456,145 shares of the transportation company’s stock valued at $33,245,000 after buying an additional 179,844 shares in the last quarter. Teachers Advisors LLC increased its position in United Continental Holdings by 136.4% in the fourth quarter. Teachers Advisors LLC now owns 1,149,261 shares of the transportation company’s stock worth $83,758,000 after buying an additional 663,008 shares during the last quarter. Kentucky Retirement Systems acquired a new position in United Continental Holdings during the fourth quarter worth approximately $1,527,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in United Continental Holdings during the fourth quarter worth approximately $681,000. Finally, Macquarie Group Ltd. increased its position in United Continental Holdings by 61.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,400 shares of the transportation company’s stock worth $248,000 after buying an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 96.66% 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 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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