United Continental Holdings Inc. (NYSE:UAL) shares 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 trading hands. The stock had previously closed at $47.36.

UAL has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $66.50 price objective on shares of United Continental Holdings in a research note on Tuesday, April 12th. Standpoint Research reiterated a “buy” rating on shares of United Continental Holdings in a research note on Wednesday, July 27th. Credit Suisse Group AG cut United Continental Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $64.00 to $42.00 in a research note on Wednesday, July 6th. Stephens lowered their price objective on United Continental Holdings from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, April 22nd. Finally, Vetr upgraded United Continental Holdings from a “hold” rating to a “buy” rating and set a $47.40 price objective for the company in a research note on Monday, May 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. United Continental Holdings presently has an average rating of “Buy” and a consensus price target of $65.90.

The company’s 50-day moving average is $44.33 and its 200 day moving average is $49.23. The firm has a market cap of $14.80 billion and a price-to-earnings ratio of 2.51.

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. During the same quarter in the prior year, the company posted $3.31 EPS. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Analysts predict that United Continental Holdings Inc. will post $7.98 EPS for the current fiscal year.

Several hedge funds have modified their holdings of the stock. Marshall Wace LLP raised its stake in shares of United Continental Holdings by 152.5% in the fourth quarter. Marshall Wace LLP now owns 1,026,067 shares of the company’s stock valued at $58,794,000 after buying an additional 619,741 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of United Continental Holdings by 20.1% in the fourth quarter. BlackRock Advisors LLC now owns 3,262,289 shares of the company’s stock worth $186,929,000 after buying an additional 546,342 shares during the period. Jennison Associates LLC raised its position in shares of United Continental Holdings by 13.5% in the fourth quarter. Jennison Associates LLC now owns 1,531,025 shares of the company’s stock worth $87,728,000 after buying an additional 181,967 shares during the period. BBT Capital Management LLC raised its position in shares of United Continental Holdings by 86.6% in the fourth quarter. BBT Capital Management LLC now owns 362,098 shares of the company’s stock worth $20,748,000 after buying an additional 168,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of United Continental Holdings by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,284,354 shares of the company’s stock worth $73,595,000 after buying an additional 157,326 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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