Shares of United Continental Holdings Inc. (NYSE:UAL) dropped 5.7% during mid-day trading on Tuesday . The company traded as low as $44.58 and last traded at $44.68, with a volume of 3,267,796 shares traded. The stock had previously closed at $47.36.

A number of analysts recently weighed in on the stock. Credit Suisse Group AG restated an “underweight” rating on shares of United Continental Holdings in a research note on Saturday, June 25th. Zacks Investment Research lowered shares of United Continental Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. Vetr upgraded shares of United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $60.67 target price on the stock in a research note on Monday, May 23rd. Deutsche Bank AG upgraded shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, July 12th. Finally, Bank of America Corp. restated a “hold” rating and set a $52.00 target price on shares of United Continental Holdings in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. United Continental Holdings has a consensus rating of “Buy” and an average price target of $65.90.

The firm has a market capitalization of $14.31 billion and a price-to-earnings ratio of 2.43. The company has a 50-day moving average price of $44.16 and a 200-day moving average price of $49.29.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.17. During the same period last year, the company posted $3.31 EPS. The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.36 billion. On average, equities analysts forecast that United Continental Holdings Inc. will post $7.98 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Trexquant Investment LP purchased a new stake in shares of United Continental Holdings during the fourth quarter worth approximately $1,084,000. Employees Retirement System of Texas purchased a new stake in shares of United Continental Holdings during the fourth quarter worth approximately $1,490,000. US Bancorp DE boosted its stake in shares of 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. boosted its stake in shares of 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 boosted its stake in shares of 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.

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