United Continental Holdings Inc (UAL) Receives Consensus Recommendation of “Buy” from Analysts

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Shares of United Continental Holdings Inc (NYSE:UAL) have earned an average rating of “Buy” from the eighteen brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $99.47.

UAL has been the subject of a number of analyst reports. Barclays boosted their price target on United Continental from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, November 15th. Bank of America boosted their price objective on United Continental from $94.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Macquarie set a $91.00 price objective on United Continental and gave the stock a “hold” rating in a research note on Monday, October 8th. Stephens raised United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 price objective on the stock in a research note on Thursday, October 18th. Finally, Imperial Capital boosted their price objective on United Continental from $91.00 to $101.00 and gave the stock an “inline” rating in a research note on Thursday, October 18th.

In other United Continental news, Director Edward Shapiro purchased 25,000 shares of the stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average price of $92.92 per share, for a total transaction of $2,323,000.00. Following the completion of the acquisition, the director now owns 152,707 shares of the company’s stock, valued at approximately $14,189,534.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. First Hawaiian Bank grew its holdings in shares of United Continental by 9,439.4% during the fourth quarter. First Hawaiian Bank now owns 6,296 shares of the transportation company’s stock valued at $528,000 after buying an additional 6,230 shares in the last quarter. Cumberland Advisors Inc. purchased a new position in United Continental in the fourth quarter valued at about $963,000. Moody National Bank Trust Division grew its stake in United Continental by 3.9% in the fourth quarter. Moody National Bank Trust Division now owns 4,566 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 172 shares in the last quarter. Vanguard Group Inc grew its stake in United Continental by 0.7% in the third quarter. Vanguard Group Inc now owns 20,044,520 shares of the transportation company’s stock valued at $1,785,164,000 after purchasing an additional 148,292 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in United Continental by 250.0% in the third quarter. Federated Investors Inc. PA now owns 94,899 shares of the transportation company’s stock valued at $8,452,000 after purchasing an additional 67,787 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

NYSE:UAL opened at $81.37 on Friday. United Continental has a 12-month low of $60.44 and a 12-month high of $97.85.

United Continental (NYSE:UAL) last released its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion during the quarter, compared to analyst estimates of $10.95 billion. During the same period in the prior year, the company earned $2.22 EPS. United Continental’s revenue for the quarter was up 11.2% on a year-over-year basis.

United Continental Company Profile

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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Analyst Recommendations for United Continental (NYSE:UAL)

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