United Continental Holdings Inc. (NYSE:UAL) shares were down 3% on Wednesday . The stock traded as low as $37.64 and last traded at $39.10, with a volume of 4,767,633 shares traded. The stock had previously closed at $40.29.

Several research analysts have weighed in on UAL shares. Buckingham Research reissued a “buy” rating on shares of United Continental Holdings in a research report on Friday, April 15th. Stifel Nicolaus cut their price objective on United Continental Holdings from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, April 22nd. Zacks Investment Research raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Friday, March 18th. Cowen and Company reissued a “buy” rating on shares of United Continental Holdings in a research report on Saturday, April 23rd. Finally, Vetr raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $47.40 price objective on the stock in a research report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.19.

The company has a 50-day moving average of $43.34 and a 200-day moving average of $50.34. The firm has a market capitalization of $14.03 billion and a price-to-earnings ratio of 2.16.

United Continental Holdings (NYSE:UAL) last issued its earnings results on Wednesday, April 20th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.18 by $0.05. During the same quarter in the prior year, the business posted $1.52 earnings per share. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.21 billion. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities analysts predict that United Continental Holdings Inc. will post $7.96 EPS for the current year.

In other news, Director Robert A. Milton purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, April 26th. The shares were purchased at an average cost of $49.14 per share, for a total transaction of $49,140.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $49,140. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Barney Harford purchased 60,000 shares of the company’s stock in a transaction dated Thursday, April 28th. The stock was purchased at an average price of $49.07 per share, for a total transaction of $2,944,200.00. Following the completion of the purchase, the director now owns 60,000 shares in the company, valued at $2,944,200. The disclosure for this purchase can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in United Continental Holdings during the fourth quarter worth about $1,084,000. Eagle Asset Management Inc. purchased a new position in United Continental Holdings during the fourth quarter worth about $1,227,000. US Bancorp DE increased its position in United Continental Holdings by 5.0% in the fourth quarter. US Bancorp DE now owns 28,618 shares of the company’s stock worth $1,640,000 after buying an additional 1,371 shares during the period. PNC Financial Services Group Inc. increased its position in United Continental Holdings by 11.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 28,834 shares of the company’s stock worth $1,651,000 after buying an additional 3,051 shares during the period. Finally, Advantus Capital Management Inc increased its position in United Continental Holdings by 0.4% in the fourth quarter. Advantus Capital Management Inc now owns 35,648 shares of the company’s stock worth $2,043,000 after buying an additional 152 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.