United Continental Holdings Inc. (UAL) Given Average Recommendation of “Buy” by Brokerages
Shares of United Continental Holdings Inc. (NYSE:UAL) have earned an average recommendation of “Buy” from the eighteen research firms that are currently covering the firm. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $60.70.
A number of research firms have issued reports on UAL. Sanford C. Bernstein began coverage on United Continental Holdings in a research note on Monday. They set a “market perform” rating and a $55.00 price target for the company. Imperial Capital lifted their price target on United Continental Holdings from $57.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday. Credit Suisse Group AG set a $47.00 price target on United Continental Holdings and gave the company a “hold” rating in a research note on Friday, October 7th. Cowen and Company reiterated an “outperform” rating and set a $60.00 price target on shares of United Continental Holdings in a research note on Wednesday, August 31st. Finally, Bank of America Corp. reiterated a “hold” rating and set a $52.00 price target on shares of United Continental Holdings in a research note on Wednesday, July 20th.
United Continental Holdings (NYSE:UAL) traded down 0.56% during trading on Friday, hitting $53.39. The stock had a trading volume of 4,548,146 shares. United Continental Holdings has a 1-year low of $37.41 and a 1-year high of $61.87. The firm has a market capitalization of $17.21 billion, a PE ratio of 2.92 and a beta of 0.53. The firm has a 50 day moving average price of $51.56 and a 200-day moving average price of $48.41.
United Continental Holdings (NYSE:UAL) last issued its earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, beating the Thomson Reuters’ 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 last year, the business posted $3.31 EPS. On average, equities research analysts expect that United Continental Holdings will post $7.98 EPS for the current year.
In other news, CFO Andrew C. Levy purchased 15,000 shares of United Continental Holdings stock in a transaction dated 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 transaction, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at $1,059,509.36. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAL. Credit Capital Investments LLC raised its position in United Continental Holdings by 3,631.1% in the second quarter. Credit Capital Investments LLC now owns 8,171,064 shares of the company’s stock worth $8,171,000 after buying an additional 7,952,064 shares during the period. LSV Asset Management raised its position in United Continental Holdings by 4,689.0% in the second quarter. LSV Asset Management now owns 3,251,700 shares of the company’s stock worth $133,449,000 after buying an additional 3,183,800 shares during the period. State of New Jersey Common Pension Fund D raised its position in United Continental Holdings by 27,400.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,375,000 shares of the company’s stock worth $56,430,000 after buying an additional 1,370,000 shares during the period. AQR Capital Management LLC raised its position in United Continental Holdings by 20.2% in the second quarter. AQR Capital Management LLC now owns 6,647,861 shares of the company’s stock worth $272,829,000 after buying an additional 1,116,414 shares during the period. Finally, Prudential Financial Inc. raised its position in United Continental Holdings by 131.4% in the second quarter. Prudential Financial Inc. now owns 1,865,899 shares of the company’s stock worth $76,577,000 after buying an additional 1,059,540 shares during the period. Hedge funds and other institutional investors own 93.39% 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 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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