United Continental Holdings Inc. (UAL) Given a $47.00 Price Target at Credit Suisse Group AG
Several other research firms also recently weighed in on UAL. Cowen and Company reissued an outperform rating and issued a $60.00 target price on shares of United Continental Holdings in a report on Wednesday, August 31st. Morgan Stanley reissued a buy rating and issued a $57.00 target price on shares of United Continental Holdings in a report on Sunday, August 21st. Raymond James Financial Inc. raised United Continental Holdings from a market perform rating to an outperform rating and set a $65.00 target price for the company in a report on Tuesday, August 30th. Zacks Investment Research downgraded United Continental Holdings from a hold rating to a strong sell rating in a report on Thursday, June 16th. Finally, Deutsche Bank AG raised United Continental Holdings from a hold rating to a buy rating and set a $59.00 target price for the company in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $63.18.
Shares of United Continental Holdings (NYSE:UAL) traded up 2.33% during trading on Friday, reaching $54.05. The company’s stock had a trading volume of 1,391,661 shares. United Continental Holdings has a 52 week low of $37.41 and a 52 week high of $61.87. The company has a 50 day moving average price of $50.84 and a 200 day moving average price of $48.50. The firm has a market capitalization of $17.43 billion, a P/E ratio of 2.95 and a beta of 0.53.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.17. The company earned $9.40 billion during the quarter, compared to the consensus estimate of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same period in the previous year, the business earned $3.31 EPS. On average, equities research analysts expect that United Continental Holdings will post $7.98 EPS for the current fiscal year.
In related news, CFO Andrew C. Levy purchased 15,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was purchased at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the acquisition, the chief financial officer now owns 20,791 shares in the company, valued at $1,059,509.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake in shares of United Continental Holdings by 3.1% in the third quarter. BNP Paribas Arbitrage SA now owns 202,349 shares of the company’s stock valued at $10,617,000 after buying an additional 6,078 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of United Continental Holdings during the second quarter valued at about $556,000. Kentucky Retirement Systems bought a new stake in shares of United Continental Holdings during the second quarter valued at about $1,172,000. Mason Street Advisors LLC bought a new stake in shares of United Continental Holdings during the second quarter valued at about $1,856,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock valued at $145,000 after buying an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.
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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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