United Continental Holdings, Inc. (UAL) Downgraded to “Neutral” at J P Morgan Chase & Co

J P Morgan Chase & Co lowered shares of United Continental Holdings, Inc. (NYSE:UAL) from an overweight rating to a neutral rating in a research note issued to investors on Friday. The firm currently has $68.00 target price on the transportation company’s stock, down from their previous target price of $84.00.

Several other research analysts have also commented on the company. BidaskClub lowered United Continental Holdings from a hold rating to a sell rating in a research report on Wednesday, July 5th. Morgan Stanley reaffirmed 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 report on Friday, September 1st. Imperial Capital lifted their price target on United Continental Holdings from $75.00 to $77.00 and gave the stock an in-line rating in a research report on Tuesday, July 18th. Buckingham Research reaffirmed a buy rating and set a $97.00 price target on shares of United Continental Holdings in a research report on Saturday, July 22nd. Finally, Bank of America Corporation reaffirmed a buy rating and set a $105.00 price target on shares of United Continental Holdings in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $81.92.

Shares of United Continental Holdings (UAL) traded down 2.37% during midday trading on Friday, reaching $59.80. The company had a trading volume of 10,105,064 shares. United Continental Holdings has a 52-week low of $49.28 and a 52-week high of $83.04. The company’s 50 day moving average price is $64.14 and its 200 day moving average price is $71.77. The stock has a market capitalization of $18.19 billion, a PE ratio of 8.26 and a beta of 1.06. United Continental Holdings also saw unusually large options trading on Thursday. Stock traders bought 1,399 call options on the stock. This is an increase of approximately 115% compared to the average volume of 650 call options.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion for the quarter, compared to analyst estimates 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 was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 earnings per share. Equities research analysts expect that United Continental Holdings will post $6.71 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. MCF Advisors LLC boosted 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 purchasing an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of United Continental Holdings in the first quarter worth $122,000. FNY Partners Fund LP raised its holdings in shares of United Continental Holdings by 2,073.9% in 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 last quarter. TrimTabs Asset Management LLC raised its holdings in shares of United Continental Holdings by 88.9% in 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 last quarter. Finally, Sun Life Financial INC raised its holdings in shares of United Continental Holdings by 18,645.5% in 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 last quarter. Institutional investors own 97.70% 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 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)

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