United Continental Holdings Inc. (UAL) Research Coverage Started at Sanford C. Bernstein
Sanford C. Bernstein started coverage on shares of United Continental Holdings Inc. (NYSE:UAL) in a report released on Monday. The brokerage set a “market perform” rating on the stock.
Other research analysts have also recently issued research reports about the stock. Bank of America Corp. restated a “hold” rating and set a $52.00 target price on shares of United Continental Holdings in a report on Wednesday, July 20th. Imperial Capital began coverage on shares of United Continental Holdings in a report on Tuesday, August 23rd. They set an “outperform” rating and a $57.00 target price for the company. Deutsche Bank AG upgraded shares of 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. Credit Suisse Group AG restated a “positive” rating and set a $47.00 target price on shares of United Continental Holdings in a report on Tuesday, August 30th. Finally, Cowen and Company restated an “outperform” rating and set a $60.00 target price on shares of United Continental Holdings in a report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $63.18.
Shares of United Continental Holdings (NYSE:UAL) traded up 2.61% on Monday, reaching $54.20. 3,989,939 shares of the company traded hands. The stock has a 50 day moving average of $50.84 and a 200 day moving average of $48.50. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 2.96 and a beta of 0.53. United Continental Holdings has a 52-week low of $37.41 and a 52-week high of $61.87.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.17. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. The company earned $9.40 billion during the quarter, compared to the consensus estimate of $9.36 billion. During the same quarter in the prior year, the firm earned $3.31 earnings per share. On average, analysts expect that United Continental Holdings will post $7.98 earnings per share for the current year.
In other news, CFO Andrew C. Levy bought 15,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were purchased at an average cost of $50.96 per share, with a total value of $764,400.00. Following the acquisition, the chief financial officer now directly owns 20,791 shares in the company, valued at $1,059,509.36. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.39% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock valued at $105,000 after buying an additional 418 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in United Continental Holdings during the second quarter valued at approximately $107,000. Northwestern Mutual Wealth Management Co. raised its position in 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. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in United Continental Holdings by 302.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,182 shares of the company’s stock valued at $172,000 after buying an additional 3,144 shares in the last quarter. Finally, Advisor Group Inc. purchased a new position in United Continental Holdings during the second quarter valued at approximately $176,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
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 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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