United Continental Holdings, Inc. (NYSE:UAL) was downgraded by investment analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $59.80 price objective on the transportation company’s stock, up from their previous price objective of $49.28. Buckingham Research’s target price would indicate a potential upside of 2.91% from the stock’s current price.
A number of other research analysts also recently weighed in on UAL. UBS AG reaffirmed a “buy” rating and issued a $103.00 target price (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Zacks Investment Research downgraded shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $86.00 target price on shares of United Continental Holdings in a research report on Thursday, July 13th. Bank of America Corporation decreased their target price on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Finally, ValuEngine raised shares of United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Two investment 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. The company has a consensus rating of “Hold” and an average target price of $79.85.
United Continental Holdings (NYSE UAL) traded down 2.83% during trading on Monday, hitting $58.11. 6,512,934 shares of the stock traded hands. The company has a market capitalization of $17.68 billion, a P/E ratio of 8.03 and a beta of 1.06. The company’s 50 day moving average is $64.14 and its 200 day moving average is $71.77. United Continental Holdings has a one year low of $49.28 and a one year high of $83.04.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.61 earnings per share. On average, equities analysts forecast that United Continental Holdings will post $6.71 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the business. Sentry Investment Management LLC increased its holdings in United Continental Holdings by 1.5% in 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 period. Toronto Dominion Bank increased its holdings in United Continental Holdings by 24.0% in 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 period. U S Global Investors Inc. increased its holdings in United Continental Holdings by 65.2% in 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 period. Dynamic Technology Lab Private Ltd bought a new position in United Continental Holdings in the 2nd quarter valued at about $1,293,000. Finally, Verition Fund Management LLC increased its holdings in United Continental Holdings by 5.7% in 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 period. Institutional investors and hedge funds own 97.69% of the company’s stock.
About United Continental Holdings
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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