Imperial Capital Downgrades United Continental Holdings Inc. (UAL) to In-Line
United Continental Holdings Inc. (NYSE:UAL) was downgraded by equities research analysts at Imperial Capital from an “outperform” rating to an “in-line” rating in a note issued to investors on Tuesday. They currently have a $76.00 price target on the stock, up from their prior price target of $65.00. Imperial Capital’s price target suggests a potential upside of 8.76% from the company’s previous close. The analysts noted that the move was a valuation call.
A number of other research analysts also recently commented on the stock. Citigroup Inc. began coverage on shares of United Continental Holdings in a research report on Friday, November 18th. They issued a “neutral” rating and a $69.00 target price on the stock. Bank of America Corp. reaffirmed a “hold” rating on shares of United Continental Holdings in a research report on Wednesday, November 16th. Cowen and Company increased their target price on shares of United Continental Holdings from $60.00 to $71.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Standpoint Research downgraded shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, Stifel Nicolaus dropped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.44.
United Continental Holdings (NYSE:UAL) opened at 69.88 on Tuesday. The stock has a market cap of $22.17 billion, a PE ratio of 8.92 and a beta of 0.63. The firm has a 50-day moving average of $58.18 and a 200-day moving average of $49.67. United Continental Holdings has a 12-month low of $37.41 and a 12-month high of $70.15.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Monday, October 17th. The company reported $3.11 EPS for the quarter, beating the Zacks’ consensus estimate of $2.88 by $0.23. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. United Continental Holdings had a net margin of 7.36% and a return on equity of 39.10%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $4.53 EPS. Equities analysts predict that United Continental Holdings will post $7.98 earnings per share 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 stock was purchased at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the acquisition, the chief financial officer now owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chris Kenny sold 3,824 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $67.39, for a total transaction of $257,699.36. Following the transaction, the vice president now owns 10,179 shares of the company’s stock, valued at $685,962.81. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
A number of institutional investors have recently bought and sold shares of UAL. Bank of Nova Scotia increased 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 period. I.G. Investment Management LTD. increased its position 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 valued at $341,000 after buying an additional 100 shares during the period. SRB Corp increased its position in United Continental Holdings by 3.6% in the third quarter. SRB Corp now owns 3,275 shares of the company’s stock valued at $172,000 after buying an additional 113 shares during the period. Pacer Advisors Inc. increased its position in United Continental Holdings by 2.1% in the second quarter. Pacer Advisors Inc. now owns 6,372 shares of the company’s stock valued at $262,000 after buying an additional 134 shares during the period. Finally, Glenmede Trust Co. NA increased its position 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 valued at $1,484,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 94.26% of the company’s stock.
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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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