United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “market perform” rating reissued by analysts at Cowen and Company in a report released on Thursday. They currently have a $70.00 price target on the transportation company’s stock, up from their prior price target of $63.00. Cowen and Company’s price target points to a potential upside of 3.60% from the stock’s current price.
Several other equities analysts have also commented on UAL. UBS AG increased their price objective on United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Bank of America Corporation reiterated a “buy” rating and set a $84.00 price objective (down from $85.00) on shares of United Continental Holdings in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a $110.00 price objective on shares of United Continental Holdings in a research report on Wednesday, September 20th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $86.00 target price on shares of United Continental Holdings in a report on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. United Continental Holdings has a consensus rating of “Hold” and an average price target of $80.61.
Shares of United Continental Holdings (NYSE UAL) traded up 1.40% during mid-day trading on Thursday, hitting $67.57. The stock had a trading volume of 4,082,127 shares. United Continental Holdings has a 12 month low of $52.21 and a 12 month high of $83.04. The stock has a market cap of $20.56 billion, a P/E ratio of 9.34 and a beta of 1.05. The firm has a 50 day moving average price of $61.84 and a 200-day moving average price of $70.63.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.61 EPS. On average, equities research analysts forecast that United Continental Holdings will post $6.40 EPS for the current year.
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In other news, Director Edward Shapiro bought 15,000 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the purchase, the director now directly owns 27,707 shares in the company, valued at approximately $1,658,818.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hosking Partners LLP lifted its stake in shares of United Continental Holdings by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock valued at $36,625,000 after purchasing an additional 7,737 shares during the period. Pacad Investment Ltd. purchased a new position in shares of United Continental Holdings in the 2nd quarter valued at approximately $3,306,000. Renaissance Technologies LLC purchased a new position in shares of United Continental Holdings in the 1st quarter valued at approximately $19,240,000. Thrivent Financial For Lutherans lifted its stake in shares of United Continental Holdings by 1.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock valued at $86,335,000 after purchasing an additional 18,310 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of United Continental Holdings by 10.2% in 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 period. 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.
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