United Continental Holdings Inc (NYSE:UAL) had its price objective lowered by equities researchers at Imperial Capital from $82.00 to $75.00 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the stock. Imperial Capital’s price objective suggests a potential upside of 11.13% from the stock’s previous close.
UAL has been the topic of a number of other research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $76.00 price target (up previously from $59.00) on shares of United Continental Holdings in a research note on Wednesday, December 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of United Continental Holdings in a research note on Friday, December 16th. Zacks Investment Research raised shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Monday, January 16th. S&P Equity Research reaffirmed a “buy” rating on shares of United Continental Holdings in a research note on Thursday, January 19th. Finally, Barclays PLC assumed coverage on shares of United Continental Holdings in a research note on Thursday, December 15th. They issued an “overweight” rating and a $105.00 price target on the stock. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $67.18.
Shares of United Continental Holdings (NYSE:UAL) opened at 67.49 on Friday. The stock has a 50 day moving average price of $72.78 and a 200-day moving average price of $65.15. The stock has a market capitalization of $21.23 billion, a PE ratio of 9.85 and a beta of 0.58. United Continental Holdings has a 1-year low of $37.41 and a 1-year high of $76.80.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, January 17th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.05. The firm earned $9.05 billion during the quarter, compared to analysts’ expectations of $8.89 billion. United Continental Holdings had a net margin of 6.19% and a return on equity of 35.62%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.54 earnings per share. On average, analysts forecast that United Continental Holdings will post $6.72 earnings per share for the current year.
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In other news, CFO Andrew C. Levy bought 10,000 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were acquired at an average cost of $74.81 per share, for a total transaction of $748,100.00. Following the completion of the acquisition, the chief financial officer now owns 20,199 shares in the company, valued at $1,511,087.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of UAL. State Street Corp increased its position in shares of United Continental Holdings by 7.3% in the fourth quarter. State Street Corp now owns 10,840,981 shares of the company’s stock worth $790,085,000 after buying an additional 739,535 shares during the last quarter. FMR LLC increased its position in shares of United Continental Holdings by 9.1% in the fourth quarter. FMR LLC now owns 7,472,436 shares of the company’s stock worth $544,592,000 after buying an additional 622,056 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of United Continental Holdings by 11.4% in the third quarter. Ameriprise Financial Inc. now owns 4,602,803 shares of the company’s stock worth $241,504,000 after buying an additional 472,390 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of United Continental Holdings by 28.6% in the third quarter. BlackRock Advisors LLC now owns 4,305,950 shares of the company’s stock worth $225,933,000 after buying an additional 956,975 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of United Continental Holdings by 28.3% in the third quarter. LSV Asset Management now owns 4,171,500 shares of the company’s stock worth $218,878,000 after buying an additional 919,800 shares during the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.
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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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