United Continental Holdings, Inc. (NYSE:UAL) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Tuesday, August 1st.
UAL has been the subject of several other reports. BidaskClub upgraded shares of United Continental Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of United Continental Holdings in a research note on Wednesday, April 19th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $100.00 price objective on shares of United Continental Holdings in a research note on Friday, July 14th. Vetr downgraded shares of United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price target for the company. in a research note on Tuesday, May 2nd. Finally, UBS AG reissued a “buy” rating and issued a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. United Continental Holdings currently has an average rating of “Hold” and an average price target of $85.16.
Shares of United Continental Holdings (NYSE:UAL) opened at 65.87 on Tuesday. The company’s 50 day moving average price is $73.10 and its 200 day moving average price is $73.66. The firm has a market cap of $20.04 billion, a P/E ratio of 9.10 and a beta of 1.03. United Continental Holdings has a 12-month low of $46.56 and a 12-month high of $83.04.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that United Continental Holdings will post $7.81 EPS for the current year.
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In other news, EVP Gregory L. Hart sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now owns 28,369 shares in the company, valued at $2,179,590.27. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.27% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in 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 buying an additional 930,321 shares during the last quarter. BlackRock Inc. boosted its stake 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 worth $1,559,382,000 after buying an additional 21,609,536 shares during the last quarter. AQR Capital Management LLC boosted its stake in United Continental Holdings by 1.6% in the first quarter. AQR Capital Management LLC now owns 6,889,017 shares of the transportation company’s stock worth $486,640,000 after buying an additional 110,314 shares during the last quarter. Boston Partners boosted its stake in 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 buying an additional 1,324,894 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in United Continental Holdings by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,250,245 shares of the transportation company’s stock worth $229,593,000 after buying an additional 73,832 shares during the last quarter. Hedge funds and other institutional investors own 98.51% 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.
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