United Continental Holdings, Inc. (UAL) Earns “Neutral” Rating from Citigroup Inc.
United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup Inc. in a research report issued on Thursday. They presently have a $68.00 target price on the transportation company’s stock, down from their previous target price of $85.00. Citigroup Inc.’s price target indicates a potential upside of 16.08% from the stock’s previous close.
UAL has been the subject of a number of other research reports. UBS AG reaffirmed a “buy” rating and issued a $103.00 price objective (up previously from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Stephens reissued an “equal weight” rating and set a $65.00 price target (down from $80.00) on shares of United Continental Holdings in a research note on Thursday. Zacks Investment Research lowered United Continental Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Morgan Stanley decreased their price objective on United Continental Holdings from $79.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $86.00 price objective on shares of United Continental Holdings in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $83.62.
Shares of United Continental Holdings (NYSE UAL) traded down 2.90% during midday trading on Thursday, hitting $58.58. The stock had a trading volume of 6,936,547 shares. United Continental Holdings has a 12 month low of $49.28 and a 12 month high of $83.04. The stock has a market cap of $17.82 billion, a PE ratio of 8.09 and a beta of 1.06. The stock’s 50-day moving average is $65.83 and its 200-day moving average is $72.38.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. United Continental Holdings’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.61 earnings per share. Equities analysts anticipate that United Continental Holdings will post $7.51 EPS for the current year.
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In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the company’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 completion of the transaction, the executive vice president now owns 28,369 shares in the company, valued at $2,179,590.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of United Continental Holdings by 4.3% during the second quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after buying an additional 930,321 shares during the period. BlackRock Inc. increased its holdings in 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. Janus Henderson Group PLC increased its holdings in United Continental Holdings by 30,735.3% in the second quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock valued at $523,519,000 after buying an additional 6,934,500 shares in the last quarter. AQR Capital Management LLC increased its holdings in United Continental Holdings by 1.6% in the first quarter. AQR Capital Management LLC now owns 6,889,017 shares of the transportation company’s stock valued at $486,640,000 after buying an additional 110,314 shares in the last quarter. Finally, Boston Partners increased its holdings in United Continental Holdings by 37.7% in the second quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock valued at $364,214,000 after buying an additional 1,324,894 shares in the last quarter. Institutional investors and hedge funds own 97.70% 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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