Credit Suisse Group AG set a $47.00 target price on United Continental Holdings Inc. (NYSE:UAL) in a research report sent to investors on Tuesday morning. The firm currently has a a hold rating on the stock.

A number of other research firms have also recently weighed in on UAL. Cowen and Company reissued an outperform rating and set a $60.00 price objective on shares of United Continental Holdings in a report on Wednesday, August 31st. Bank of America Corp. reissued a hold rating and set a $52.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 20th. Standpoint Research reissued a buy rating on shares of United Continental Holdings in a report on Wednesday, July 27th. Vetr raised shares of United Continental Holdings from a hold rating to a buy rating and set a $49.50 price objective on the stock in a report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Continental Holdings from $72.00 to $61.50 and set an overweight rating on the stock in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $63.18.

United Continental Holdings (NYSE:UAL) opened at 51.00 on Tuesday. The firm has a market capitalization of $16.44 billion, a PE ratio of 2.79 and a beta of 0.45. United Continental Holdings has a 1-year low of $37.41 and a 1-year high of $62.21. The company has a 50 day moving average of $48.58 and a 200 day moving average of $49.23.

United Continental Holdings (NYSE:UAL) last released 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. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter last year, the company earned $3.31 earnings per share. Analysts forecast that United Continental Holdings will post $7.98 EPS for the current year.

In other news, CFO Andrew C. Levy purchased 15,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was acquired at an average price of $50.96 per share, with a total value of $764,400.00. Following the purchase, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.39% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of United Continental Holdings during the second quarter valued at $556,000. Kentucky Retirement Systems purchased a new position in shares of United Continental Holdings during the second quarter valued at $1,172,000. Mason Street Advisors LLC purchased a new position in shares of United Continental Holdings during the second quarter valued at $1,856,000. Northwestern Mutual Wealth Management Co. increased its position in shares of United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock valued at $145,000 after buying an additional 1,700 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock valued at $105,000 after buying an additional 418 shares during the last quarter. 93.53% of the stock is owned by institutional investors and hedge funds.

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 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.

5 Day Chart for NYSE:UAL

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