United Continental Holdings Inc. (UAL) Receives Hold Rating from Bank of America Corp.
A number of other equities analysts also recently commented on the company. Cowen and Company lifted their price objective on United Continental Holdings from $60.00 to $71.00 and gave the stock an outperform rating in a research report on Wednesday. Standpoint Research downgraded United Continental Holdings from a buy rating to a hold rating in a research report on Thursday, November 10th. Stifel Nicolaus reduced their price objective on United Continental Holdings from $70.00 to $65.00 and set a buy rating on the stock in a research report on Monday, October 24th. Imperial Capital lifted their price objective on United Continental Holdings from $63.00 to $65.00 and gave the stock an outperform rating in a research report on Tuesday, October 18th. Finally, Sanford C. Bernstein began coverage on United Continental Holdings in a research note on Monday, October 10th. They set a market perform rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. United Continental Holdings currently has an average rating of Buy and an average price target of $63.52.
Shares of United Continental Holdings (NYSE:UAL) traded up 2.44% during midday trading on Wednesday, hitting $67.10. The company’s stock had a trading volume of 1,997,775 shares. The firm has a 50-day moving average of $55.86 and a 200 day moving average of $48.85. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 8.57 and a beta of 0.63. United Continental Holdings has a 12-month low of $37.41 and a 12-month high of $67.70.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Monday, October 17th. The company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.23. United Continental Holdings had a return on equity of 39.10% and a net margin of 7.36%. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter last year, the business posted $4.53 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts predict that United Continental Holdings will post $7.98 EPS for the current fiscal year.
In other United Continental Holdings news, CFO Andrew C. Levy bought 15,000 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the transaction, the chief financial officer now owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in UAL. Bank of Nova Scotia boosted its position in United Continental Holdings by 0.3% in the second quarter. Bank of Nova Scotia now owns 7,000 shares of the company’s stock valued at $287,000 after buying an additional 20 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in United Continental Holdings by 1.2% in the second quarter. I.G. Investment Management LTD. now owns 8,300 shares of the company’s stock worth $341,000 after buying an additional 100 shares in the last quarter. SRB Corp boosted its stake in United Continental Holdings by 3.6% in the third quarter. SRB Corp now owns 3,275 shares of the company’s stock worth $172,000 after buying an additional 113 shares in the last quarter. Pacer Advisors Inc. boosted its stake in United Continental Holdings by 2.1% in the second quarter. Pacer Advisors Inc. now owns 6,372 shares of the company’s stock worth $262,000 after buying an additional 134 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in United Continental Holdings by 0.4% in the second quarter. Glenmede Trust Co. NA now owns 36,176 shares of the company’s stock worth $1,484,000 after buying an additional 136 shares in the last quarter. Institutional investors own 94.94% 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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