BidaskClub Lowers United Continental Holdings, Inc. (NYSE:UAL) to Sell
United Continental Holdings, Inc. (NYSE:UAL) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
UAL has been the topic of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of United Continental Holdings in a research report on Wednesday, April 19th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $100.00 target price on shares of United Continental Holdings in a research report on Friday, July 14th. Vetr lowered shares of United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 target price on the stock. in a research report on Tuesday, May 2nd. UBS AG reaffirmed a “buy” rating and set a $103.00 target price (up from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Finally, Cowen and Company raised their target price on shares of United Continental Holdings from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. United Continental Holdings has a consensus rating of “Hold” and a consensus price target of $83.76.
Shares of United Continental Holdings (UAL) traded down 1.086% on Tuesday, reaching $69.665. The company had a trading volume of 3,319,485 shares. The stock’s 50 day moving average is $77.43 and its 200 day moving average is $74.25. United Continental Holdings has a 52 week low of $44.15 and a 52 week high of $83.04. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 9.626 and a beta of 1.04.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the Zacks’ 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 firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.61 EPS. On average, equities analysts anticipate that United Continental Holdings will post $7.85 EPS for the current year.
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In other news, Director Edward Shapiro bought 10,000 shares of the stock in a transaction on Thursday, April 27th. The stock was bought at an average cost 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 $693,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 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 owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of United Continental Holdings during the first quarter valued at $122,000. FNY Partners Fund LP increased its stake in shares of United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock valued at $147,000 after buying an additional 976 shares during the period. IFP Advisors Inc increased its stake in shares of United Continental Holdings by 15.6% in the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock valued at $190,000 after buying an additional 363 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of United Continental Holdings during the first quarter valued at $208,000. Institutional investors own 96.65% 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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