United Continental Holdings, Inc. (NYSE:UAL) was downgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a report issued on Wednesday, November 1st, MarketBeat Ratings reports. They presently have a $60.00 target price on the transportation company’s stock, down from their previous target price of $68.00. J P Morgan Chase & Co’s price objective would suggest a potential upside of 3.79% from the stock’s previous close.
Several other equities research analysts have also recently commented on UAL. Bank of America Corporation reaffirmed a “buy” rating and set a $105.00 price objective on shares of United Continental Holdings in a research report on Wednesday, July 12th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $68.00 price objective (down previously from $85.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Morgan Stanley reissued an “equal weight” rating and set a $85.00 target price (up previously from $80.00) on shares of United Continental Holdings in a research note on Thursday, July 13th. Zacks Investment Research downgraded United Continental Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of United Continental Holdings in a report on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $77.63.
Shares of United Continental Holdings (UAL) traded down $0.71 during trading on Wednesday, hitting $57.81. The company had a trading volume of 4,479,900 shares, compared to its average volume of 4,416,986. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The company has a market capitalization of $17,336.69, a P/E ratio of 8.18, a PEG ratio of 1.51 and a beta of 1.02. United Continental Holdings has a one year low of $57.34 and a one year high of $83.04.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. During the same period in the prior year, the firm earned $3.11 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. equities analysts predict that United Continental Holdings will post 6.33 EPS for the current year.
In related news, Director Edward Shapiro acquired 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the purchase, the director now owns 27,707 shares in the company, valued at $1,658,818.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert A. Milton bought 1,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were purchased at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the transaction, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC grew its holdings in shares of 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 buying an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in United Continental Holdings in the 1st quarter valued at approximately $122,000. Exane Derivatives boosted its holdings in United Continental Holdings by 373.7% in the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 1,461 shares in the last quarter. Sun Life Financial INC boosted its holdings in United Continental Holdings by 18,645.5% in the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in United Continental Holdings in the 2nd quarter valued at approximately $181,000. 99.08% of the stock is currently owned by hedge funds and other institutional investors.
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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