United Continental Holdings Inc. (UAL) PT Raised to $65.00
United Continental Holdings Inc. (NYSE:UAL) had its price target lifted by stock analysts at Imperial Capital to $65.00 in a report issued on Tuesday. Imperial Capital’s price objective would indicate a potential upside of 21.09% from the stock’s previous close.
UAL has been the topic of several other reports. Vetr upgraded United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 price objective on the stock in a research note on Monday, August 29th. Credit Suisse Group AG set a $47.00 price objective on United Continental Holdings and gave the stock a “hold” rating in a research note on Tuesday, September 13th. Cowen and Company restated an “outperform” rating and set a $60.00 price objective on shares of United Continental Holdings in a research note on Wednesday, August 31st. Standpoint Research started coverage on United Continental Holdings in a research note on Thursday, August 25th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Bank of America Corp. restated a “hold” rating and set a $52.00 price objective on shares of United Continental Holdings in a research note on Wednesday, July 20th. One investment 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 company. United Continental Holdings presently has a consensus rating of “Buy” and a consensus price target of $63.17.
United Continental Holdings (NYSE:UAL) traded up 1.23% during trading on Tuesday, hitting $53.68. 11,297,321 shares of the stock were exchanged. United Continental Holdings has a one year low of $37.41 and a one year high of $61.87. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 2.93 and a beta of 0.53. The stock’s 50 day moving average is $51.89 and its 200-day moving average is $48.17.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Monday, October 17th. The company reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.88 by $0.23. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the business posted $4.53 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts expect that United Continental Holdings will post $7.98 earnings per share for the current fiscal year.
In other news, CFO Andrew C. Levy bought 15,000 shares of the stock in a transaction that occurred 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 completion of the acquisition, the chief financial officer now directly owns 20,791 shares in the company, valued at $1,059,509.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Parametrica Management Ltd bought a new position in shares of United Continental Holdings during the third quarter worth $249,000. Nisa Investment Advisors LLC boosted its position in shares of United Continental Holdings by 19.2% in the third quarter. Nisa Investment Advisors LLC now owns 77,076 shares of the company’s stock worth $4,044,000 after buying an additional 12,435 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of United Continental Holdings during the third quarter worth $519,000. Hilton Capital Management LLC bought a new position in shares of United Continental Holdings during the third quarter worth $228,000. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of United Continental Holdings by 236.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 140,721 shares of the company’s stock worth $7,384,000 after buying an additional 98,914 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
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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