United Continental Holdings Inc. (NYSE:UAL) has received an average rating of “Buy” from the eighteen analysts that are currently covering the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $60.70.
A number of brokerages recently weighed in on UAL. Sanford C. Bernstein began coverage on United Continental Holdings in a research report on Monday, October 10th. They set a “market perform” rating and a $55.00 price objective on the stock. Imperial Capital upped their price target on United Continental Holdings from $57.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, October 11th. Credit Suisse Group AG set a $47.00 price target on United Continental Holdings and gave the company a “hold” rating in a research report on Friday, October 7th. Cowen and Company reiterated an “outperform” rating and issued a $60.00 price target on shares of United Continental Holdings in a research report on Wednesday, August 31st. Finally, Bank of America Corp. reiterated a “hold” rating and issued a $52.00 price target on shares of United Continental Holdings in a research report on Wednesday, July 20th.
United Continental Holdings (NYSE:UAL) opened at 53.20 on Friday. The company’s 50 day moving average price is $51.72 and its 200-day moving average price is $48.38. The company has a market capitalization of $17.15 billion, a P/E ratio of 2.91 and a beta of 0.53. United Continental Holdings has a 12-month low of $37.41 and a 12-month high of $61.87.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.17. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same quarter in the previous year, the company posted $3.31 EPS. Equities analysts forecast that United Continental Holdings will post $7.98 earnings per share for the current fiscal year.
In related news, CFO Andrew C. Levy acquired 15,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was purchased at an average cost of $50.96 per share, with a total value of $764,400.00. Following the acquisition, the chief financial officer now owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.39% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Strs Ohio raised its stake in shares of United Continental Holdings by 8,368.8% in the second quarter. Strs Ohio now owns 569,526 shares of the company’s stock worth $23,373,000 after buying an additional 562,801 shares in the last quarter. Legal & General Group Plc raised its position in United Continental Holdings by 3.4% in the first quarter. Legal & General Group Plc now owns 430,225 shares of the company’s stock valued at $25,757,000 after buying an additional 14,102 shares in the last quarter. Retirement Systems of Alabama raised its position in United Continental Holdings by 134.0% in the second quarter. Retirement Systems of Alabama now owns 421,643 shares of the company’s stock valued at $17,304,000 after buying an additional 241,462 shares in the last quarter. Convergence Investment Partners LLC raised its position in United Continental Holdings by 12.0% in the second quarter. Convergence Investment Partners LLC now owns 66,921 shares of the company’s stock valued at $2,746,000 after buying an additional 7,193 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in United Continental Holdings during the second quarter valued at about $267,000. 93.39% of the stock is owned by hedge funds and other 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 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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