United Continental Holdings, Inc. (UAL) Given New $82.00 Price Target at Imperial Capital
United Continental Holdings, Inc. (NYSE:UAL) had its price target raised by Imperial Capital from $76.00 to $82.00 in a research report released on Thursday. They currently have an in-line rating on the stock.
A number of other research analysts also recently weighed in on UAL. Credit Suisse Group set a $47.00 target price on United Continental Holdings and gave the company a hold rating in a report on Friday, October 7th. Sanford C. Bernstein started coverage on United Continental Holdings in a report on Monday, October 10th. They issued a market perform rating and a $55.00 target price on the stock. Stifel Nicolaus lowered their target price on United Continental Holdings from $70.00 to $65.00 and set a buy rating on the stock in a report on Monday, October 24th. Standpoint Research downgraded United Continental Holdings from a buy rating to a hold rating in a report on Thursday, November 10th. Finally, Cowen and Company increased their target price on United Continental Holdings from $60.00 to $71.00 and gave the company an outperform rating in a report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. United Continental Holdings presently has an average rating of Hold and a consensus price target of $67.77.
Shares of United Continental Holdings (NYSE:UAL) traded up 0.43% on Thursday, hitting $74.32. The stock had a trading volume of 2,149,516 shares. The stock has a market capitalization of $23.58 billion, a P/E ratio of 9.49 and a beta of 0.71. United Continental Holdings has a 52 week low of $37.41 and a 52 week high of $76.80. The firm has a 50-day moving average price of $72.57 and a 200-day moving average price of $56.36.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Monday, October 17th. The company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.23. United Continental Holdings had a return on equity of 39.10% and a net margin of 7.36%. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company earned $4.53 earnings per share. United Continental Holdings’s revenue was down 3.8% on a year-over-year basis. Equities analysts expect that United Continental Holdings will post $8.54 earnings per share for the current fiscal year.
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In other United Continental Holdings news, VP Chris Kenny sold 3,824 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $67.39, for a total transaction of $257,699.36. Following the completion of the transaction, the vice president now owns 10,179 shares in the company, valued at approximately $685,962.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter Isaacson sold 2,638 shares of the firm’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $75.80, for a total value of $199,960.40. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $379,000. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. boosted its position in United Continental Holdings by 33,133.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 167,498 shares of the company’s stock valued at $12,208,000 after buying an additional 166,994 shares in the last quarter. Cyrus Capital Partners L.P. raised its stake in United Continental Holdings by 929.5% in the third quarter. Cyrus Capital Partners L.P. now owns 823,635 shares of the company’s stock valued at $43,216,000 after buying an additional 743,635 shares during the last quarter. Accident Compensation Corp raised its stake in United Continental Holdings by 4.5% in the third quarter. Accident Compensation Corp now owns 23,000 shares of the company’s stock valued at $1,207,000 after buying an additional 1,000 shares during the last quarter. RWC Asset Management LLP bought a new stake in United Continental Holdings during the third quarter valued at about $7,747,000. Finally, Itau Unibanco Holding S.A. bought a new stake in United Continental Holdings during the third quarter valued at about $113,000. Institutional investors and hedge funds own 92.02% 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 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.
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