Citigroup Inc. Initiates Coverage on United Continental Holdings Inc. (UAL)
Analysts at Citigroup Inc. assumed coverage on shares of United Continental Holdings Inc. (NYSE:UAL) in a report issued on Friday. The brokerage set a “neutral” rating and a $69.00 price target on the stock. Citigroup Inc.’s target price suggests a potential upside of 0.01% from the stock’s current price.
UAL has been the subject of a number of other research reports. Credit Suisse Group AG set a $47.00 target price on shares of United Continental Holdings and gave the stock a “hold” rating in a research report on Tuesday, September 13th. JPMorgan Chase & Co. dropped their target price on shares of United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Standpoint Research initiated coverage on shares of United Continental Holdings in a research report on Thursday, August 25th. They set a “buy” rating and a $70.00 target price for the company. Stifel Nicolaus dropped their target price on shares of United Continental Holdings from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Finally, Bank of America Corp. reissued a “hold” rating on shares of United Continental Holdings in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.82.
Shares of United Continental Holdings (NYSE:UAL) opened at 68.99 on Friday. The firm’s 50-day moving average is $57.28 and its 200-day moving average is $49.35. The firm has a market cap of $21.89 billion, a PE ratio of 8.81 and a beta of 0.63. United Continental Holdings has a 12-month low of $37.41 and a 12-month high of $69.29.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Monday, October 17th. The company reported $3.11 EPS for the quarter, beating the Zacks’ consensus estimate of $2.88 by $0.23. United Continental Holdings had a net margin of 7.36% and a return on equity of 39.10%. The company earned $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company posted $4.53 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities analysts expect that United Continental Holdings will post $7.98 earnings per share for the current fiscal year.
In other United Continental Holdings news, VP Chris Kenny sold 3,824 shares of the stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $67.39, for a total value of $257,699.36. Following the sale, the vice president now directly owns 10,179 shares of the company’s stock, valued at $685,962.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew C. Levy bought 15,000 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was bought at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the transaction, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at $1,059,509.36. The disclosure for this purchase can be found here. 0.39% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of UAL. Itau Unibanco Holding S.A. bought a new stake in shares of United Continental Holdings during the third quarter valued at $113,000. LPL Financial LLC raised its stake 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 valued at $824,000 after buying an additional 946 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake 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 valued at $368,000 after buying an additional 645 shares in the last quarter. Cognios Capital LLC raised its stake 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 valued at $1,439,000 after buying an additional 2,737 shares in the last quarter. Finally, Eaton Vance Management bought a new stake in shares of United Continental Holdings during the third quarter valued at $798,000. 94.26% 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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