United Continental Holdings, Inc. (NYSE:UAL) gapped down prior to trading on Monday . The stock had previously closed at $59.80, but opened at $59.80. United Continental Holdings shares last traded at $58.88, with a volume of 3,055,221 shares traded.

Several brokerages have recently weighed in on UAL. Buckingham Research restated a “neutral” rating and issued a $59.80 target price (up from $49.28) on shares of United Continental Holdings in a research note on Monday. UBS AG upped their target price on shares of United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, July 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $86.00 target price on shares of United Continental Holdings in a research note on Thursday, July 13th. Morgan Stanley restated an “equal weight” rating and issued a $71.00 target price (down from $72.00) on shares of United Continental Holdings in a research note on Friday, September 1st. Finally, Stephens restated an “equal weight” rating and issued a $65.00 target price (down from $80.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental Holdings has an average rating of “Hold” and a consensus target price of $79.85.

The stock has a 50-day moving average price of $64.14 and a 200-day moving average price of $71.77. The firm has a market cap of $17.68 billion, a P/E ratio of 8.03 and a beta of 1.06.

United Continental Holdings (NYSE:UAL) last announced its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the previous year, the firm posted $2.61 earnings per share. United Continental Holdings’s revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that United Continental Holdings, Inc. will post $6.71 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC increased its position in United Continental Holdings by 0.9% during the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after acquiring an additional 13 shares during the period. Oppenheimer Asset Management Inc. bought a new position in United Continental Holdings during the first quarter worth $122,000. FNY Partners Fund LP increased its position in United Continental Holdings by 2,073.9% during the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after acquiring an additional 1,908 shares during the period. TrimTabs Asset Management LLC increased its position in United Continental Holdings by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock worth $147,000 after acquiring an additional 976 shares during the period. Finally, Sun Life Financial INC increased its position in United Continental Holdings by 18,645.5% during the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after acquiring an additional 2,051 shares during the period. 97.69% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “United Continental Holdings, Inc. (UAL) Shares Gap Down to $59.80” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/18/united-continental-holdings-inc-ual-shares-gap-down-to-59-80.html.

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.

Receive News & Stock Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related stocks with our FREE daily email newsletter.