United Continental Holdings, Inc. (UAL) Upgraded to Outperform at Wolfe Research
United Continental Holdings, Inc. (NYSE:UAL) was upgraded by equities research analysts at Wolfe Research to an “outperform” rating in a note issued to investors on Sunday. The brokerage currently has a $95.00 price objective on the transportation company’s stock, down from their prior price objective of $97.00. Wolfe Research’s price target would suggest a potential upside of 46.72% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Citigroup Inc. restated a “neutral” rating and set a $78.00 price target (up previously from $77.00) on shares of United Continental Holdings in a research note on Saturday, April 22nd. Vetr downgraded United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price target on the stock. in a research note on Tuesday, May 2nd. Imperial Capital reiterated an “in-line” rating and issued a $75.00 target price on shares of United Continental Holdings in a research note on Friday, May 19th. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, UBS AG reiterated a “buy” rating and issued a $103.00 target price (up from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.97.
United Continental Holdings (NYSE UAL) traded up 0.08% during mid-day trading on Friday, hitting $64.75. The stock had a trading volume of 3,196,980 shares. The company has a market cap of $19.70 billion, a PE ratio of 8.95 and a beta of 1.03. The firm’s 50-day moving average price is $71.61 and its 200 day moving average price is $73.39. United Continental Holdings has a one year low of $46.56 and a one year high of $83.04. United Continental Holdings also saw some unusual options trading on Thursday. Traders purchased 1,399 call options on the company. This is an increase of approximately 115% compared to the average volume of 650 call options.
United Continental Holdings (NYSE:UAL) last issued its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter last year, the company earned $2.61 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that United Continental Holdings will post $7.79 EPS for the current year.
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In other news, EVP Gregory L. Hart sold 3,000 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Telemus Capital LLC raised its position in United Continental Holdings by 0.3% in the second quarter. Telemus Capital LLC now owns 2,890 shares of the transportation company’s stock valued at $217,000 after buying an additional 9 shares during the last quarter. MCF Advisors LLC raised its position in United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares during the last quarter. Wetherby Asset Management Inc. raised its position in United Continental Holdings by 1.5% in the second quarter. Wetherby Asset Management Inc. now owns 3,271 shares of the transportation company’s stock valued at $246,000 after buying an additional 47 shares during the last quarter. Allen Investment Management LLC raised its position in United Continental Holdings by 0.5% in the first quarter. Allen Investment Management LLC now owns 18,463 shares of the transportation company’s stock valued at $1,105,000 after buying an additional 90 shares during the last quarter. Finally, Tillar Wenstrup Advisors LLC raised its position in United Continental Holdings by 0.3% in the second quarter. Tillar Wenstrup Advisors LLC now owns 29,298 shares of the transportation company’s stock valued at $2,205,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 98.72% 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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