United Continental Holdings, Inc. (UAL) Receives Average Recommendation of “Hold” from Brokerages
Shares of United Continental Holdings, Inc. (NYSE:UAL) have been assigned a consensus rating of “Hold” from the twenty analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $87.81.
A number of equities research analysts recently commented on the company. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. UBS AG restated a “buy” rating and set a $103.00 price objective (up from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Citigroup Inc. upped their price objective on United Continental Holdings from $78.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 target price (up previously from $80.00) on shares of United Continental Holdings in a research note on Thursday, July 13th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $86.00 target price on shares of United Continental Holdings in a research note on Thursday, July 13th.
Shares of United Continental Holdings (NYSE:UAL) opened at 68.39 on Monday. The company has a market cap of $20.81 billion, a P/E ratio of 9.45 and a beta of 1.03. United Continental Holdings has a one year low of $46.24 and a one year high of $83.04. The company’s 50-day moving average price is $75.42 and its 200 day moving average price is $74.04.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the business earned $2.61 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that United Continental Holdings will post $7.83 earnings per share for the current year.
In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the transaction, the executive vice president now directly owns 28,369 shares in the company, valued at $2,179,590.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.27% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Zweig DiMenna Associates LLC purchased a new stake in shares of United Continental Holdings during the second quarter worth about $421,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in United Continental Holdings by 10.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 268,778 shares of the transportation company’s stock worth $20,226,000 after buying an additional 25,276 shares in the last quarter. TrimTabs Asset Management LLC increased its position in United Continental Holdings by 105.2% in the second quarter. TrimTabs Asset Management LLC now owns 4,255 shares of the transportation company’s stock worth $320,000 after buying an additional 2,181 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in shares of United Continental Holdings by 5.1% in the second quarter. Tocqueville Asset Management L.P. now owns 13,263 shares of the transportation company’s stock worth $998,000 after buying an additional 646 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of United Continental Holdings during the second quarter worth approximately $1,784,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.
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About United Continental Holdings
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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