United Continental Holdings, Inc. (UAL) Coverage Initiated by Analysts at Macquarie
Equities research analysts at Macquarie started coverage on shares of United Continental Holdings, Inc. (NYSE:UAL) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “neutral” rating on the transportation company’s stock.
UAL has been the topic of a number of other reports. BidaskClub raised shares of United Continental Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Barclays PLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of United Continental Holdings in a research note on Thursday, September 14th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a research note on Monday, August 7th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of United Continental Holdings in a research note on Wednesday, September 20th. Finally, Zacks Investment Research downgraded shares of United Continental Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $81.79.
United Continental Holdings (UAL) traded up 1.09% during trading on Monday, reaching $59.44. 4,313,997 shares of the company were exchanged. United Continental Holdings has a one year low of $49.28 and a one year high of $83.04. The company has a market capitalization of $18.08 billion, a P/E ratio of 8.21 and a beta of 1.06. The firm’s 50-day moving average is $63.57 and its 200 day moving average is $71.48.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. The business had revenue of $10 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $2.61 earnings per share. On average, analysts anticipate that United Continental Holdings will post $6.27 EPS for the current fiscal year.
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In other news, Director Edward Shapiro bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $59.87 per share, with a total value of $898,050.00. Following the completion of the purchase, the director now directly owns 27,707 shares in the company, valued at $1,658,818.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of UAL. BlackRock Inc. boosted 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 acquiring an additional 21,609,536 shares in the last quarter. Credit Capital Investments LLC boosted its holdings 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 valued at $8,171,000 after acquiring an additional 7,952,064 shares in the last quarter. Janus Henderson Group PLC boosted 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 acquiring an additional 6,934,500 shares in the last quarter. LSV Asset Management boosted its holdings 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 valued at $133,449,000 after acquiring an additional 3,183,800 shares in the last quarter. Finally, Douglas Lane & Associates LLC bought a new stake in United Continental Holdings in the first quarter valued at $86,730,000. 97.69% of the stock is currently owned by institutional investors.
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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