United Continental Holdings, Inc. (NYSE:UAL) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “market perform” rating in a report issued on Friday, The Fly reports.

UAL has been the topic of several other reports. BidaskClub cut shares of United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reiterated a “buy” rating and issued a $97.00 target price on shares of United Continental Holdings in a research note on Saturday, July 22nd. UBS AG increased their target price 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. Morgan Stanley increased their target price on shares of United Continental Holdings from $79.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 20th. Finally, Stephens reiterated an “equal weight” rating and issued a $65.00 target price (down from $80.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. United Continental Holdings currently has a consensus rating of “Hold” and a consensus target price of $78.66.

Shares of United Continental Holdings (UAL) traded up 0.20% on Friday, reaching $59.90. 10,397,370 shares of the company’s stock traded hands. The firm has a market cap of $18.22 billion, a P/E ratio of 8.28 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. The company’s 50-day moving average price is $62.09 and its 200 day moving average price is $70.41.

United Continental Holdings (NYSE:UAL) last posted its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. During the same period in the prior year, the company posted $3.11 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities analysts forecast that United Continental Holdings will post $6.41 EPS for the current fiscal year.

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In other United Continental Holdings news, Director Edward Shapiro bought 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price 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 $1,658,818.09. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in UAL. Stifel Financial Corp grew its holdings in shares of United Continental Holdings by 10.2% during the 1st quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock valued at $463,000 after purchasing an additional 606 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of United Continental Holdings by 11.8% during the 1st quarter. Wellington Management Group LLP now owns 432,941 shares of the transportation company’s stock valued at $30,583,000 after purchasing an additional 45,829 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of United Continental Holdings by 18.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,229 shares of the transportation company’s stock valued at $1,146,000 after purchasing an additional 2,558 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of United Continental Holdings by 4.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,311 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 180 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of United Continental Holdings during the 1st quarter valued at $19,240,000. 97.62% 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.

The Fly

Analyst Recommendations for United Continental Holdings (NYSE:UAL)

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