United Continental Holdings Inc. (UAL) Receives Consensus Rating of “Buy” from Brokerages
United Continental Holdings Inc. (NYSE:UAL) has been assigned a consensus rating of “Buy” from the nineteen research firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $61.91.
Several research analysts recently weighed in on the company. Citigroup Inc. assumed coverage on United Continental Holdings in a research report on Friday. They set a “neutral” rating and a $69.00 price target on the stock. Cowen and Company boosted their target price on United Continental Holdings from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America Corp. restated a “hold” rating on shares of United Continental Holdings in a research note on Wednesday. Standpoint Research downgraded United Continental Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Finally, Stifel Nicolaus lowered their target price on United Continental Holdings from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 24th.
In related news, CFO Andrew C. Levy bought 15,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was acquired 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 owns 20,791 shares in the company, valued at approximately $1,059,509.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of UAL. LPL Financial LLC boosted its position in shares of United Continental Holdings by 6.6% in the third quarter. LPL Financial LLC now owns 15,344 shares of the company’s stock worth $824,000 after buying an additional 946 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of United Continental Holdings by 10.1% in the third quarter. Ameritas Investment Partners Inc. now owns 7,014 shares of the company’s stock worth $368,000 after buying an additional 645 shares during the last quarter. Cognios Capital LLC boosted its position in shares of United Continental Holdings by 11.1% in the third quarter. Cognios Capital LLC now owns 27,468 shares of the company’s stock worth $1,439,000 after buying an additional 2,737 shares during the last quarter. Eaton Vance Management bought a new position in shares of United Continental Holdings during the third quarter worth about $798,000. Finally, SRB Corp boosted its position in shares of 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 during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.
Shares of United Continental Holdings (NYSE:UAL) traded up 0.28% during midday trading on Friday, hitting $68.05. The company had a trading volume of 2,757,966 shares. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 8.69 and a beta of 0.63. The company’s 50 day moving average is $56.34 and its 200 day moving average is $48.99. United Continental Holdings has a one year low of $37.41 and a one year high of $68.47.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Monday, October 17th. The company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.23. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. United Continental Holdings had a return on equity of 39.10% and a net margin of 7.36%. United Continental Holdings’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.53 earnings per share. Equities analysts forecast that United Continental Holdings will post $7.98 earnings per share for the current fiscal year.
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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