United Continental Holdings, Inc. (UAL) Receives “Buy” Rating from Buckingham Research
United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “buy” rating restated by equities researchers at Buckingham Research in a research note issued to investors on Saturday. They presently have a $97.00 target price on the transportation company’s stock. Buckingham Research’s price target would suggest a potential upside of 35.53% from the stock’s previous close.
Several other equities research analysts also recently issued reports on UAL. Cowen and Company reissued 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. UBS AG reissued a “buy” rating and set a $103.00 price objective (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Bank of America Corporation lowered their price objective on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Morgan Stanley reissued an “equal weight” rating and set a $85.00 price objective (up previously from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. Finally, Atlantic Securities began coverage on shares of United Continental Holdings in a research report on Tuesday, June 20th. They set an “overweight” rating and a $100.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. United Continental Holdings has an average rating of “Buy” and a consensus price target of $83.76.
United Continental Holdings (UAL) traded down 0.71% during trading on Friday, hitting $71.57. 5,996,029 shares of the stock traded hands. United Continental Holdings has a one year low of $44.15 and a one year high of $83.04. The company has a market capitalization of $22.16 billion, a P/E ratio of 11.19 and a beta of 1.04. The company’s 50 day moving average is $78.03 and its 200 day moving average is $74.25. United Continental Holdings also saw unusually large options trading activity on Thursday. Traders acquired 1,399 call options on the stock. This represents an increase of 115% compared to the average volume of 650 call options.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $2.61 earnings per share. On average, equities analysts forecast that United Continental Holdings will post $7.85 EPS for the current fiscal year.
In other news, Director Edward Shapiro acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, April 27th. The stock was bought at an average price of $69.35 per share, with a total value of $693,500.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $693,500. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the completion of the transaction, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at approximately $2,179,590.27. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in UAL. J. Goldman & Company purchased a new position in shares of United Continental Holdings during the third quarter worth approximately $6,472,000. PGGM Investments purchased a new position in shares of United Continental Holdings during the fourth quarter worth approximately $4,454,000. Frontier Capital Management Co. LLC increased its position in shares of United Continental Holdings by 37.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,983,055 shares of the transportation company’s stock worth $170,929,000 after buying an additional 806,225 shares during the period. Princeton Capital Management Inc. increased its position in shares of United Continental Holdings by 3.9% in the third quarter. Princeton Capital Management Inc. now owns 40,384 shares of the transportation company’s stock worth $2,119,000 after buying an additional 1,525 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of United Continental Holdings by 7.2% in the third quarter. Teachers Advisors LLC now owns 486,253 shares of the transportation company’s stock worth $25,514,000 after buying an additional 32,725 shares during the period. 96.66% of the stock is 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 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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