Buckingham Research downgraded shares of United Continental Holdings, Inc. (NYSE:UAL) from a buy rating to a neutral rating in a research note issued to investors on Monday. They currently have $59.80 price objective on the transportation company’s stock, up from their previous price objective of $49.28.

Several other research analysts have also recently weighed in on the company. J P Morgan Chase & Co cut United Continental Holdings from an overweight rating to a neutral rating and lowered their price objective for the stock from $84.00 to $68.00 in a research report on Friday. Barclays PLC restated a buy rating and issued a $90.00 price target on shares of United Continental Holdings in a research report on Thursday, September 14th. Citigroup Inc. restated a neutral rating and issued a $68.00 price target (down previously from $85.00) on shares of United Continental Holdings in a research report on Thursday, September 7th. Stephens restated an equal weight rating and issued a $65.00 price target (down previously from $80.00) on shares of United Continental Holdings in a research report on Thursday, September 7th. Finally, Morgan Stanley restated an equal weight rating and issued a $71.00 price target (down previously from $72.00) on shares of United Continental Holdings in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $79.85.

United Continental Holdings (NYSE UAL) opened at 58.11 on Monday. The company’s 50-day moving average is $63.86 and its 200-day moving average is $71.61. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 8.03 and a beta of 1.06. United Continental Holdings has a 12 month low of $49.28 and a 12 month high of $83.04.

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, beating analysts’ consensus estimates of $2.31 by $0.44. The business 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 firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 EPS. On average, equities research analysts anticipate that United Continental Holdings will post $6.71 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “United Continental Holdings, Inc. (UAL) Downgraded to Neutral at Buckingham Research” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/19/united-continental-holdings-inc-ual-downgraded-to-neutral-at-buckingham-research.html.

A number of hedge funds have recently bought and sold shares of UAL. Sentry Investment Management LLC lifted its position in shares of United Continental Holdings by 1.5% during the 2nd quarter. Sentry Investment Management LLC now owns 73,143 shares of the transportation company’s stock valued at $5,504,000 after buying an additional 1,085 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of United Continental Holdings by 24.0% during the 2nd quarter. Toronto Dominion Bank now owns 92,962 shares of the transportation company’s stock valued at $6,994,000 after buying an additional 17,967 shares during the last quarter. U S Global Investors Inc. lifted its position in shares of United Continental Holdings by 65.2% during the 2nd quarter. U S Global Investors Inc. now owns 189,637 shares of the transportation company’s stock valued at $12,835,000 after buying an additional 74,823 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of United Continental Holdings during the 2nd quarter valued at $1,293,000. Finally, Verition Fund Management LLC lifted its position in shares of United Continental Holdings by 5.7% during the 2nd quarter. Verition Fund Management LLC now owns 26,424 shares of the transportation company’s stock valued at $1,988,000 after buying an additional 1,424 shares during the last quarter. 97.69% 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.

Analyst Recommendations for United Continental Holdings (NYSE:UAL)

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.