United Continental Holdings, Inc. (UAL) Raised to Hold at BidaskClub
United Continental Holdings, Inc. (NYSE:UAL) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, July 12th.
Other equities analysts have also issued reports about the company. Cowen and Company reaffirmed a “market perform” rating and issued a $75.00 price objective on shares of United Continental Holdings in a research note on Wednesday, April 19th. UBS AG reissued a “buy” rating and issued a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Bank of America Corporation lowered their target price on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, June 30th. Imperial Capital reaffirmed an “in-line” rating and set a $75.00 target price on shares of United Continental Holdings in a research report on Friday, May 19th. Finally, Atlantic Securities initiated coverage on United Continental Holdings in a report on Tuesday, June 20th. They set an “overweight” rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $85.16.
Shares of United Continental Holdings (NYSE UAL) opened at 68.39 on Wednesday. United Continental Holdings has a one year low of $46.24 and a one year high of $83.04. The company has a market cap of $20.81 billion, a price-to-earnings ratio of 9.45 and a beta of 1.03. The firm’s 50-day moving average is $75.42 and its 200-day moving average is $74.04.
United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.61 earnings per share. Analysts expect that United Continental Holdings will post $7.83 EPS for the current fiscal year.
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In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, 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 SEC, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. boosted its position in United Continental Holdings by 10.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock worth $13,063,000 after buying an additional 17,420 shares in the last quarter. Independent Advisor Alliance boosted its position in United Continental Holdings by 29.1% in the first quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock worth $298,000 after buying an additional 959 shares in the last quarter. Stifel Financial Corp boosted its position in United Continental Holdings by 10.2% in the first quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock worth $463,000 after buying an additional 606 shares in the last quarter. Renaissance Technologies LLC acquired a new position in United Continental Holdings during the first quarter worth approximately $19,240,000. Finally, Suntrust Banks Inc. boosted its position in shares of United Continental Holdings by 4.0% in the first quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock valued at $406,000 after buying an additional 220 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.
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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