United Continental Holdings Inc (NYSE:UAL)‘s stock had its “buy” rating restated by investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday.
A number of other equities analysts have also recently issued reports on the stock. Cowen and Company cut their price objective on shares of United Continental Holdings from $75.00 to $72.00 and set a “market perform” rating on the stock in a research report on Monday, March 20th. Imperial Capital cut their price objective on shares of United Continental Holdings from $82.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, March 17th. Morgan Stanley cut shares of United Continental Holdings from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $72.00 to $73.00 in a research report on Thursday, January 5th. They noted that the move was a valuation call. Citigroup Inc increased their price objective on shares of United Continental Holdings from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Monday, March 27th. Finally, Standpoint Research cut shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. United Continental Holdings has an average rating of “Hold” and a consensus target price of $68.42.
United Continental Holdings (NYSE:UAL) opened at 69.56 on Wednesday. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 10.15 and a beta of 0.58. The stock has a 50 day moving average price of $69.85 and a 200 day moving average price of $68.28. United Continental Holdings has a 52-week low of $37.41 and a 52-week high of $76.80.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Monday, April 17th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.38 billion. United Continental Holdings had a net margin of 6.19% and a return on equity of 35.62%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. Analysts anticipate that United Continental Holdings will post $7.08 EPS for the current fiscal year.
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In other news, CFO Andrew C. Levy acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was purchased at an average price of $74.81 per share, for a total transaction of $748,100.00. Following the purchase, the chief financial officer now owns 20,199 shares in the company, valued at approximately $1,511,087.19. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of UAL. Acadian Asset Management LLC raised its stake in United Continental Holdings by 7,523.3% in the third quarter. Acadian Asset Management LLC now owns 9,148 shares of the transportation company’s stock valued at $480,000 after buying an additional 9,028 shares during the period. Nationwide Fund Advisors raised its stake in United Continental Holdings by 32.2% in the third quarter. Nationwide Fund Advisors now owns 226,683 shares of the transportation company’s stock valued at $11,894,000 after buying an additional 55,212 shares during the period. Boston Advisors LLC raised its stake in United Continental Holdings by 3.9% in the third quarter. Boston Advisors LLC now owns 14,631 shares of the transportation company’s stock valued at $768,000 after buying an additional 555 shares during the period. Clark Estates Inc. NY purchased a new stake in United Continental Holdings during the third quarter valued at approximately $3,253,000. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new stake in United Continental Holdings during the third quarter valued at approximately $647,000. Hedge funds and other institutional investors own 92.49% 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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