United Continental Holdings, Inc. (UAL) Given Consensus Recommendation of “Hold” by Analysts
Shares of United Continental Holdings, Inc. (NYSE:UAL) have been given an average rating of “Hold” by the twenty-three research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $80.69.
Several brokerages recently weighed in on UAL. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. UBS AG restated a “buy” rating and set a $103.00 target price (up previously from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Sanford C. Bernstein restated a “market perform” rating and set a $86.00 target price on shares of United Continental Holdings in a research note on Thursday, July 13th. Morgan Stanley restated an “equal weight” rating and set a $85.00 target price (up previously from $80.00) on shares of United Continental Holdings in a research note on Thursday, July 13th. Finally, Citigroup Inc. increased their target price on United Continental Holdings from $78.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th.
United Continental Holdings (NYSE:UAL) traded up 0.46% during midday trading on Friday, reaching $58.80. The company’s stock had a trading volume of 4,279,702 shares. The stock has a 50 day moving average of $63.57 and a 200 day moving average of $71.48. The firm has a market capitalization of $17.89 billion, a PE ratio of 8.12 and a beta of 1.06. United Continental Holdings has a 52 week low of $49.28 and a 52 week high of $83.04.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.61 EPS. On average, equities research analysts predict that United Continental Holdings will post $6.27 earnings per share for the current fiscal year.
In related news, Director Edward Shapiro bought 15,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, with a total value of $898,050.00. Following the acquisition, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of UAL. MCF Advisors LLC raised its holdings in shares of United Continental Holdings by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after buying an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of United Continental Holdings in the 1st quarter worth approximately $122,000. FNY Partners Fund LP raised its holdings in shares of United Continental Holdings by 2,073.9% in the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after buying an additional 1,908 shares in the last quarter. Sun Life Financial INC raised its holdings in shares of United Continental Holdings by 18,645.5% in the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after buying an additional 2,051 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of United Continental Holdings in the 2nd quarter worth approximately $181,000. 97.69% of the stock is owned by institutional investors and hedge funds.
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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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