Imperial Capital Equities Analysts Lower Earnings Estimates for United Continental Holdings, Inc. (UAL)
United Continental Holdings, Inc. (NYSE:UAL) – Analysts at Imperial Capital dropped their Q3 2018 EPS estimates for shares of United Continental Holdings in a report released on Friday. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings per share of $2.60 for the quarter, down from their prior estimate of $2.72. Imperial Capital currently has a “In-Line” rating and a $57.00 target price on the stock.
Several other brokerages have also recently commented on UAL. Buckingham Research cut United Continental Holdings from a “buy” rating to a “neutral” rating and raised their target price for the stock from $49.28 to $59.80 in a research report on Monday, September 18th. UBS AG raised their target price on United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, July 12th. Barclays PLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of United Continental Holdings in a research report on Monday, September 25th. Citigroup Inc. raised their target price on United Continental Holdings from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $86.00 target price on shares of United Continental Holdings in a research report on Thursday, July 13th. Three equities 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 has an average rating of “Hold” and a consensus price target of $78.66.
United Continental Holdings (NYSE UAL) opened at 59.90 on Monday. United Continental Holdings has a 12 month low of $52.21 and a 12 month high of $83.04. The firm’s 50-day moving average is $62.09 and its 200 day moving average is $70.41. The stock has a market capitalization of $18.22 billion, a P/E ratio of 8.28 and a beta of 1.05.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data 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 company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. During the same period last year, the firm posted $3.11 EPS. United Continental Holdings’s revenue for the quarter was down .4% on a year-over-year basis.
In other United Continental Holdings news, Director Edward Shapiro purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired 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 approximately $1,658,818.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC raised its holdings in shares of United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of United Continental Holdings in the first quarter valued at about $122,000. Exane Derivatives raised its holdings in shares of United Continental Holdings by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after buying an additional 1,461 shares during the last quarter. FNY Partners Fund LP raised its holdings in shares of United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the last quarter. Finally, Sun Life Financial INC raised its holdings in shares of United Continental Holdings by 18,645.5% in the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after buying an additional 2,051 shares during the last quarter. 97.62% of the stock is owned by institutional investors and hedge funds.
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.
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