Stifel Nicolaus Reiterates “Buy” Rating for United Continental Holdings, Inc. (UAL)
United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a research report issued on Wednesday. They currently have a $110.00 target price on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 89.46% from the company’s previous close.
A number of other research analysts also recently commented on UAL. UBS AG reaffirmed a “buy” rating and issued a $103.00 price target (up previously from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of United Continental Holdings in a report on Wednesday. Zacks Investment Research downgraded shares of United Continental Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $86.00 price target on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Bank of America Corporation lowered their price target on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. United Continental Holdings presently has a consensus rating of “Hold” and a consensus price target of $82.35.
United Continental Holdings (NYSE:UAL) traded up 0.90% on Wednesday, hitting $58.06. The stock had a trading volume of 5,521,669 shares. United Continental Holdings has a 52-week low of $49.28 and a 52-week high of $83.04. The company’s 50 day moving average price is $63.57 and its 200 day moving average price is $71.48. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 8.02 and a beta of 1.06.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter last year, the firm earned $2.61 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts expect that United Continental Holdings will post $6.47 EPS for the current year.
In related news, Director Edward Shapiro bought 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $59.87 per share, with a total value of $898,050.00. Following the completion of the transaction, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.
Large investors have recently modified their holdings of the company. MCF Advisors LLC increased its position in shares of United Continental Holdings by 0.9% during the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after acquiring an additional 13 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of United Continental Holdings during the first quarter worth approximately $122,000. FNY Partners Fund LP increased its position in shares of United Continental Holdings by 2,073.9% during the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after acquiring an additional 1,908 shares during the period. Sun Life Financial INC increased its position in shares of United Continental Holdings by 18,645.5% during the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after acquiring an additional 2,051 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of United Continental Holdings during the second quarter worth approximately $181,000. 97.69% of the stock is currently owned by institutional investors and hedge funds.
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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