Barclays PLC Reiterates “Buy” Rating for United Continental Holdings, Inc. (UAL)
United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “buy” rating reissued by equities research analysts at Barclays PLC in a report released on Monday. They currently have a $80.00 price target on the transportation company’s stock. Barclays PLC’s price target suggests a potential upside of 36.05% from the company’s previous close.
UAL has been the subject of a number of other reports. BidaskClub upgraded shares of United Continental Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Sanford C. Bernstein reiterated a “hold” rating on shares of United Continental Holdings in a report on Monday, August 7th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of United Continental Holdings in a report on Wednesday, September 20th. Zacks Investment Research cut shares of United Continental Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Finally, Cowen and Company upped their price objective on shares of United Continental Holdings from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $81.79.
United Continental Holdings (NYSE UAL) traded up 1.09% on Monday, reaching $59.44. The company’s stock had a trading volume of 4,313,997 shares. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 8.21 and a beta of 1.06. The stock has a 50 day moving average price of $63.57 and a 200-day moving average price of $71.48. United Continental Holdings has a 1-year low of $49.28 and a 1-year high of $83.04.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. United Continental Holdings’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.61 earnings per share. Equities analysts predict that United Continental Holdings will post $6.27 earnings per share for the current fiscal year.
In related news, Director Edward Shapiro acquired 15,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average price 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 of the company’s stock, valued at $1,658,818.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position 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 worth $1,559,382,000 after purchasing an additional 21,609,536 shares in the last quarter. Credit Capital Investments LLC raised its position in United Continental Holdings by 3,631.1% in the second quarter. Credit Capital Investments LLC now owns 8,171,064 shares of the transportation company’s stock worth $8,171,000 after purchasing an additional 7,952,064 shares in the last quarter. Janus Henderson Group PLC raised its position 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 worth $523,519,000 after purchasing an additional 6,934,500 shares in the last quarter. LSV Asset Management raised its position in United Continental Holdings by 4,689.0% in the second quarter. LSV Asset Management now owns 3,251,700 shares of the transportation company’s stock worth $133,449,000 after purchasing an additional 3,183,800 shares in the last quarter. Finally, Douglas Lane & Associates LLC acquired a new position in United Continental Holdings in the first quarter worth about $86,730,000. 97.69% of the stock is owned by institutional investors and hedge funds.
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.
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.