Cowen and Company Raises United Continental Holdings, Inc. (UAL) Price Target to $82.00
United Continental Holdings, Inc. (NYSE:UAL) had its price objective upped by Cowen and Company from $75.00 to $82.00 in a research report sent to investors on Wednesday, July 12th, Marketbeat reports. Cowen and Company currently has a market perform rating on the transportation company’s stock.
Several other analysts have also weighed in on UAL. UBS AG reissued a buy rating and issued a $103.00 price objective (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Bank of America Corporation decreased their target price on United Continental Holdings from $105.00 to $85.00 and set a buy rating for the company in a research note on Friday, June 30th. BidaskClub upgraded United Continental Holdings from a sell rating to a hold rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded United Continental Holdings from a buy rating to a hold rating in a research note on Tuesday, March 14th. Finally, Atlantic Securities started coverage on United Continental Holdings in a research note on Tuesday, June 20th. They issued an overweight rating and a $100.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. United Continental Holdings currently has a consensus rating of Hold and an average target price of $85.16.
Shares of United Continental Holdings (NYSE UAL) traded down 0.88% during trading on Wednesday, hitting $67.79. The stock had a trading volume of 2,640,688 shares. United Continental Holdings has a 12 month low of $46.53 and a 12 month high of $83.04. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of 9.37 and a beta of 1.03. The company’s 50 day moving average price is $74.62 and its 200 day moving average price is $73.92.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. United Continental Holdings’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.61 earnings per share. Equities research analysts expect that United Continental Holdings will post $7.83 earnings per share for the current fiscal year.
In other news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total value of $230,490.00. Following the transaction, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of UAL. Palisade Capital Management LLC NJ purchased a new stake in United Continental Holdings during the first quarter worth $212,000. Westwood Management Corp IL increased its stake in United Continental Holdings by 0.8% in the first quarter. Westwood Management Corp IL now owns 372,200 shares of the transportation company’s stock worth $26,292,000 after buying an additional 2,850 shares during the period. Atria Investments LLC increased its stake in United Continental Holdings by 14.7% in the first quarter. Atria Investments LLC now owns 4,277 shares of the transportation company’s stock worth $302,000 after buying an additional 549 shares during the period. Quantitative Systematic Strategies LLC increased its stake in United Continental Holdings by 86.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 33,874 shares of the transportation company’s stock worth $2,393,000 after buying an additional 15,715 shares during the period. Finally, Addison Capital Co increased its stake in United Continental Holdings by 157.7% in the first quarter. Addison Capital Co now owns 9,644 shares of the transportation company’s stock worth $681,000 after buying an additional 5,902 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.
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 flights 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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