United Continental Holdings’ (UAL) “Buy” Rating Reiterated at Barclays PLC
Barclays PLC reissued their buy rating on shares of United Continental Holdings, Inc. (NYSE:UAL) in a report released on Thursday. Barclays PLC currently has a $90.00 price target on the transportation company’s stock.
Several other brokerages also recently weighed in on UAL. Imperial Capital restated an in-line rating and set a $75.00 target price on shares of United Continental Holdings in a research note on Friday, May 19th. UBS AG boosted their price target on 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 reiterated a market perform rating and set a $86.00 price target on shares of United Continental Holdings in a research note on Thursday, July 13th. Morgan Stanley reiterated an equal weight rating and set a $71.00 price target (down previously from $72.00) on shares of United Continental Holdings in a research note on Friday, September 1st. Finally, Stephens reiterated an equal weight rating and set a $65.00 price target (down previously from $80.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $81.92.
United Continental Holdings (UAL) opened at 59.80 on Thursday. The firm has a 50-day moving average price of $64.14 and a 200-day moving average price of $71.77. United Continental Holdings has a 12-month low of $49.28 and a 12-month high of $83.04. The company has a market cap of $18.19 billion, a P/E ratio of 8.26 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 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 for the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the previous year, the business earned $2.61 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts forecast that United Continental Holdings will post $6.71 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. raised its holdings in United Continental Holdings by 10.4% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock worth $13,063,000 after purchasing an additional 17,420 shares during the period. Pacad Investment Ltd. acquired a new position in United Continental Holdings in the 2nd quarter worth about $3,306,000. Renaissance Technologies LLC acquired a new position in United Continental Holdings in the 1st quarter worth about $19,240,000. Independent Advisor Alliance raised its holdings in United Continental Holdings by 29.1% in the 1st quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock worth $298,000 after purchasing an additional 959 shares during the period. Finally, Stifel Financial Corp raised its holdings in United Continental Holdings by 10.2% in the 1st quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock worth $463,000 after purchasing an additional 606 shares during the period. 97.70% of the stock is owned by institutional investors.
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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