United Continental Holdings, Inc. (NYSE:UAL) was downgraded by investment analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $68.00 price objective on the transportation company’s stock, down from their prior price objective of $84.00. J P Morgan Chase & Co’s price target indicates a potential upside of 13.71% from the stock’s previous close.

A number of other analysts have also recently commented on UAL. Imperial Capital restated an “in-line” rating and issued a $75.00 price target on shares of United Continental Holdings in a research report on Friday, May 19th. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. UBS AG restated a “buy” rating and issued a $103.00 price target (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Atlantic Securities initiated coverage on United Continental Holdings in a research report on Tuesday, June 20th. They issued an “overweight” rating and a $100.00 price target for the company. Finally, Zacks Investment Research upgraded United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.92.

United Continental Holdings (UAL) traded down 2.37% during trading on Friday, hitting $59.80. 10,105,064 shares of the company traded hands. The firm has a 50 day moving average of $64.14 and a 200 day moving average of $71.77. The firm has a market cap of $18.19 billion, a P/E ratio of 8.26 and a beta of 1.06. United Continental Holdings has a one year low of $49.28 and a one year high of $83.04. United Continental Holdings also saw some unusual options trading on Thursday. Traders bought 1,399 call options on the company. This represents an increase of approximately 115% compared to the typical volume of 650 call options.

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. On average, analysts expect that United Continental Holdings will post $6.71 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/15/united-continental-holdings-inc-ual-rating-lowered-to-neutral-at-j-p-morgan-chase-co.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAL. Suntrust Banks Inc. increased its holdings in United Continental Holdings by 4.0% during the 1st quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock worth $406,000 after purchasing an additional 220 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of United Continental Holdings by 1.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 80,159 shares of the transportation company’s stock valued at $5,662,000 after acquiring an additional 900 shares during the period. Swiss National Bank increased its holdings in shares of United Continental Holdings by 22.5% in the 1st quarter. Swiss National Bank now owns 280,762 shares of the transportation company’s stock valued at $19,833,000 after acquiring an additional 51,600 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of United Continental Holdings by 18.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 538,267 shares of the transportation company’s stock valued at $38,023,000 after acquiring an additional 82,122 shares during the period. Finally, Neuburgh Advisers LLC increased its holdings in shares of United Continental Holdings by 11.5% in the 1st quarter. Neuburgh Advisers LLC now owns 135,422 shares of the transportation company’s stock valued at $9,566,000 after acquiring an additional 13,940 shares during the period. Institutional investors 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.

Analyst Recommendations for United Continental Holdings (NYSE:UAL)

Receive News & Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.