United Continental Holdings, Inc. (UAL) Lifted to “Hold” at BidaskClub
BidaskClub upgraded shares of United Continental Holdings, Inc. (NYSE:UAL) from a sell rating to a hold rating in a report published on Wednesday.
Other analysts have also recently issued reports about the company. Stifel Nicolaus reissued a buy rating on shares of United Continental Holdings in a research report on Wednesday, April 19th. UBS AG reaffirmed a buy rating and set a $103.00 price objective (up from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Zacks Investment Research raised United Continental Holdings from a hold rating to a buy rating and set a $86.00 price objective for the company in a research report on Tuesday, June 20th. Bank of America Corporation decreased their price objective on United Continental Holdings from $105.00 to $85.00 and set a buy rating for the company in a research report on Friday, June 30th. Finally, Evercore ISI cut United Continental Holdings to a hold rating in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $82.81.
Shares of United Continental Holdings (UAL) traded down 0.29% on Wednesday, reaching $79.62. The company had a trading volume of 834,808 shares. The firm has a market capitalization of $24.65 billion, a P/E ratio of 12.45 and a beta of 1.04. United Continental Holdings has a 52 week low of $44.15 and a 52 week high of $83.04. The company’s 50-day moving average price is $78.46 and its 200 day moving average price is $73.92.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Monday, April 17th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $8.42 billion during the quarter, compared to analysts’ expectations of $8.38 billion. United Continental Holdings had a return on equity of 30.61% and a net margin of 5.56%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. On average, analysts expect that United Continental Holdings will post $7.83 EPS for the current year.
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In related news, EVP Michael P. Bonds sold 9,971 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $78.86, for a total value of $786,313.06. Following the completion of the transaction, the executive vice president now directly owns 8,716 shares of the company’s stock, valued at approximately $687,343.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was purchased at an average cost of $69.35 per share, with a total value of $693,500.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $693,500. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in United Continental Holdings by 4,642.3% in the first quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock valued at $1,559,382,000 after buying an additional 21,609,536 shares during the last quarter. Vanguard Group Inc. increased its position in United Continental Holdings by 0.6% in the first quarter. Vanguard Group Inc. now owns 21,776,181 shares of the transportation company’s stock valued at $1,538,270,000 after buying an additional 138,457 shares during the last quarter. AQR Capital Management LLC increased its position in United Continental Holdings by 1.6% in the first quarter. AQR Capital Management LLC now owns 6,889,017 shares of the transportation company’s stock valued at $486,640,000 after buying an additional 110,314 shares during the last quarter. Dimensional Fund Advisors LP increased its position in United Continental Holdings by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,250,245 shares of the transportation company’s stock valued at $229,593,000 after buying an additional 73,832 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in United Continental Holdings by 7.3% in the first quarter. Geode Capital Management LLC now owns 3,095,346 shares of the transportation company’s stock valued at $218,416,000 after buying an additional 210,502 shares during the last quarter. 96.66% of the stock is 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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