J P Morgan Chase & Co Lowers United Continental Holdings, Inc. (UAL) to Underweight
J P Morgan Chase & Co lowered shares of United Continental Holdings, Inc. (NYSE:UAL) from a neutral rating to an underweight rating in a research note released on Wednesday morning, MarketBeat Ratings reports. J P Morgan Chase & Co currently has $60.00 price target on the transportation company’s stock, down from their prior price target of $68.00.
Other analysts also recently issued reports about the stock. Bank of America Corporation reiterated a buy rating and issued a $105.00 price objective on shares of United Continental Holdings in a research report on Wednesday, July 12th. Citigroup Inc. reiterated a neutral rating and issued a $68.00 price objective (down from $85.00) on shares of United Continental Holdings in a research report on Thursday, September 7th. Morgan Stanley reiterated an equal weight rating and issued a $85.00 price objective (up from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. Zacks Investment Research downgraded shares of United Continental Holdings from a buy rating to a hold rating in a research report on Friday, August 18th. Finally, Raymond James Financial, Inc. reiterated a market perform rating on shares of United Continental Holdings in a research report on Wednesday, September 20th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $77.63.
Shares of United Continental Holdings (NYSE UAL) traded up $1.38 during trading hours on Wednesday, reaching $59.65. 4,810,804 shares of the company traded hands, compared to its average volume of 7,083,274. The company has a market cap of $17,671.43, a P/E ratio of 8.34, a PEG ratio of 1.54 and a beta of 1.02. United Continental Holdings has a 12-month low of $55.75 and a 12-month high of $83.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.26%. United Continental Holdings’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $3.11 EPS. sell-side analysts anticipate that United Continental Holdings will post 6.29 EPS for the current fiscal year.
In other United Continental Holdings news, Director Robert A. Milton acquired 1,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were bought at an average price of $58.60 per share, with a total value of $58,600.00. Following the purchase, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward Shapiro acquired 15,000 shares of the stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the purchase, the director now directly owns 27,707 shares in the company, valued at $1,658,818.09. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in UAL. MCF Advisors LLC increased 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 worth $115,000 after acquiring an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of United Continental Holdings in the first quarter worth approximately $122,000. Exane Derivatives increased its position in shares of United Continental Holdings by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after acquiring an additional 1,461 shares in the last quarter. Sun Life Financial INC increased 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 worth $155,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of United Continental Holdings in the second quarter worth approximately $181,000. 97.69% of the stock is currently owned by 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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