United Continental Holdings, Inc. (NYSE:UAL) had its price objective lowered by stock analysts at Morgan Stanley from $79.00 to $72.00 in a research report issued on Thursday. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential upside of 7.59% from the stock’s previous close.
A number of other analysts have also commented on UAL. Vetr lowered United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price objective for the company. in a report on Tuesday, May 2nd. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine raised United Continental Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Buckingham Research reissued a “buy” rating and set a $97.00 price objective on shares of United Continental Holdings in a report on Saturday, July 22nd. Finally, UBS AG boosted their price objective on United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. United Continental Holdings has a consensus rating of “Hold” and an average price target of $84.34.
United Continental Holdings (UAL) traded down 2.72% on Thursday, hitting $65.10. The company had a trading volume of 1,720,240 shares. The company has a market capitalization of $19.81 billion, a P/E ratio of 9.00 and a beta of 1.03. United Continental Holdings has a one year low of $46.53 and a one year high of $83.04. The stock’s 50-day moving average price is $72.26 and its 200 day moving average price is $73.50.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the prior year, the business earned $2.61 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts expect that United Continental Holdings will post $7.81 EPS for the current fiscal year.
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In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the completion of the transaction, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC raised its position in shares of United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of United Continental Holdings during the first quarter valued at $122,000. FNY Partners Fund LP raised its position in shares of United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the period. TrimTabs Asset Management LLC raised its position in shares of United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock valued at $147,000 after buying an additional 976 shares during the period. Finally, Sun Life Financial INC raised its position in shares of United Continental Holdings by 18,645.5% in the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after buying an additional 2,051 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.
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 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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