United Continental Holdings, Inc. (UAL) PT Set at $68.00 by Morgan Stanley
United Continental Holdings, Inc. (NYSE:UAL) received a $68.00 target price from stock analysts at Morgan Stanley in a report released on Friday. The firm currently has a “hold” rating on the transportation company’s stock. Morgan Stanley’s target price would suggest a potential upside of 13.75% from the company’s current price.
A number of other research firms have also recently issued reports on UAL. Raymond James Financial, Inc. restated an “outperform” rating and issued a $100.00 price objective on shares of United Continental Holdings in a research report on Friday, July 14th. Sanford C. Bernstein reaffirmed 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. Citigroup Inc. lifted their target price on shares of United Continental Holdings from $78.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Imperial Capital lifted their target price on shares of United Continental Holdings from $75.00 to $77.00 and gave the company an “in-line” rating in a research note on Tuesday, July 18th. Finally, BidaskClub raised shares of United Continental Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $78.66.
Shares of United Continental Holdings (UAL) traded down 0.15% during mid-day trading on Friday, reaching $59.69. 3,575,681 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $62.15 and a 200-day moving average price of $70.49. The stock has a market cap of $18.16 billion, a PE ratio of 8.25 and a beta of 1.05. United Continental Holdings has a one year low of $52.21 and a one year high of $83.04.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.49%. The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. During the same quarter in the previous year, the company earned $3.11 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts predict that United Continental Holdings will post $6.45 EPS for the current year.
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In related news, Director Edward Shapiro acquired 15,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $59.87 per share, with a total value of $898,050.00. Following the completion of the acquisition, the director now directly owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sentry Investment Management LLC raised its holdings in shares of United Continental Holdings by 1.5% during the second quarter. Sentry Investment Management LLC now owns 73,143 shares of the transportation company’s stock valued at $5,504,000 after purchasing an additional 1,085 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of United Continental Holdings by 24.0% during the second quarter. Toronto Dominion Bank now owns 92,962 shares of the transportation company’s stock valued at $6,994,000 after purchasing an additional 17,967 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of United Continental Holdings by 65.2% during the second quarter. U S Global Investors Inc. now owns 189,637 shares of the transportation company’s stock valued at $12,835,000 after purchasing an additional 74,823 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of United Continental Holdings during the second quarter valued at approximately $1,293,000. Finally, Verition Fund Management LLC raised its holdings in shares of United Continental Holdings by 5.7% during the second quarter. Verition Fund Management LLC now owns 26,424 shares of the transportation company’s stock valued at $1,988,000 after purchasing an additional 1,424 shares during the last quarter. 97.62% of the stock is owned by hedge funds and other 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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