United Continental Holdings Inc. (UAL) Shares Down 2.5%
United Continental Holdings Inc. (NYSE:UAL) fell 2.5% during trading on Thursday . The stock traded as low as $46.02 and last traded at $47.09, with a volume of 2,985,276 shares. The stock had previously closed at $48.30.
Several brokerages have commented on UAL. Deutsche Bank AG cut shares of United Continental Holdings from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $62.00 in a research report on Friday, April 1st. Credit Suisse Group AG reissued an “outperform” rating on shares of United Continental Holdings in a research report on Thursday, March 31st. Raymond James Financial Inc. cut shares of United Continental Holdings from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 24th. Stephens began coverage on shares of United Continental Holdings in a research report on Tuesday, March 29th. They set an “equal weight” rating and a $64.00 price target on the stock. Finally, Buckingham Research reissued a “buy” rating on shares of United Continental Holdings in a research report on Friday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.18.
The company has a market capitalization of $15.72 billion and a price-to-earnings ratio of 2.41. The company’s 50-day moving average is $43.70 and its 200 day moving average is $49.59.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.44 by $0.17. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. During the same period in the prior year, the firm posted $3.31 EPS. On average, analysts expect that United Continental Holdings Inc. will post $8.00 earnings per share for the current year.
In related news, CEO Oscar Munoz purchased 19,800 shares of the business’s stock in a transaction on Friday, April 22nd. The stock was acquired at an average price of $50.53 per share, with a total value of $1,000,494.00. Following the purchase, the chief executive officer now directly owns 163,675 shares in the company, valued at $8,270,497.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Linda P. Jojo purchased 2,500 shares of the business’s stock in a transaction on Thursday, April 28th. The stock was bought at an average cost of $48.77 per share, with a total value of $121,925.00. Following the purchase, the executive vice president now owns 18,792 shares in the company, valued at $916,485.84. The disclosure for this purchase can be found here.
A number of institutional investors recently added to or reduced their stakes in UAL. Advantus Capital Management Inc boosted 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 in the last quarter. Argentiere Capital AG bought a new position in United Continental Holdings during the fourth quarter worth approximately $4,985,000. Vanguard Group Inc. boosted its position in United Continental Holdings by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 26,272,623 shares of the company’s stock worth $1,505,422,000 after buying an additional 690,716 shares in the last quarter. PNC Financial Services Group Inc. boosted 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 in the last quarter. Finally, First Trust Advisors LP boosted its position in United Continental Holdings by 1,895.6% in the fourth quarter. First Trust Advisors LP now owns 210,557 shares of the company’s stock worth $12,065,000 after buying an additional 200,006 shares in the last quarter.
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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