United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “buy” rating restated by stock analysts at Bank of America Corporation in a research report issued to clients and investors on Tuesday. They currently have a $84.00 target price on the transportation company’s stock, down from their prior target price of $85.00. Bank of America Corporation’s price objective would indicate a potential upside of 24.04% from the stock’s current price.

Several other research analysts have also issued reports on UAL. Atlantic Securities initiated coverage on shares of United Continental Holdings in a research note on Tuesday, June 20th. They issued an “overweight” rating and a $100.00 price target for the company. BidaskClub lowered shares of United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Cowen and Company increased their price target on shares of United Continental Holdings from $75.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 12th. UBS AG increased their price target on shares of United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. increased their price target on shares of United Continental Holdings from $78.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $81.31.

United Continental Holdings (NYSE UAL) traded up 4.67% during midday trading on Tuesday, hitting $67.72. 10,281,916 shares of the stock traded hands. The stock’s 50-day moving average price is $61.40 and its 200-day moving average price is $70.69. United Continental Holdings has a 52 week low of $51.34 and a 52 week high of $83.04. The stock has a market capitalization of $20.60 billion, a P/E ratio of 9.36 and a beta of 1.05.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $2.61 EPS. Equities research analysts expect that United Continental Holdings will post $6.34 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/10/united-continental-holdings-inc-ual-pt-lowered-to-84-00.html.

In related news, Director Edward Shapiro purchased 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the purchase, the director now directly owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

Several hedge funds have recently made changes to their positions in UAL. BlackRock Inc. grew its stake in shares of 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 acquiring an additional 21,609,536 shares during the period. Janus Henderson Group PLC grew its stake in shares of 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 acquiring an additional 6,934,500 shares during the period. Boston Partners grew its stake in shares of United Continental Holdings by 37.7% in the second quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after acquiring an additional 1,324,894 shares during the period. Vanguard Group Inc. grew its stake in shares of United Continental Holdings by 4.3% in the second quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after acquiring an additional 930,321 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in shares of United Continental Holdings by 113.5% in the second quarter. Parametric Portfolio Associates LLC now owns 1,144,832 shares of the transportation company’s stock worth $86,149,000 after acquiring an additional 608,570 shares during the period. Hedge funds and other institutional investors own 97.69% of the company’s stock.

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.

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.