Shares of United Continental Holdings Inc. (NYSE:UAL) dropped 1.8% during trading on Thursday . The company traded as low as $47.18 and last traded at $47.33, with a volume of 2,513,625 shares changing hands. The stock had previously closed at $48.18.

UAL has been the topic of a number of analyst reports. Credit Suisse Group AG reaffirmed an “underweight” rating on shares of United Continental Holdings in a research note on Saturday, June 25th. Cowen and Company reaffirmed an “outperform” rating on shares of United Continental Holdings in a research note on Thursday, August 11th. Zacks Investment Research lowered United Continental Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. Vetr raised United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $60.67 price objective on the stock in a research note on Monday, May 23rd. Finally, Deutsche Bank AG raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental Holdings presently has an average rating of “Buy” and an average price target of $65.90.

The firm has a market cap of $15.18 billion and a P/E ratio of 2.57. The stock has a 50 day moving average of $46.12 and a 200-day moving average of $49.29.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.17. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.36 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. Analysts anticipate that United Continental Holdings Inc. will post $8.00 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have bought and sold shares of UAL. Trexquant Investment LP acquired a new position in United Continental Holdings during the fourth quarter valued at $1,084,000. Employees Retirement System of Texas acquired a new position in United Continental Holdings during the fourth quarter valued at $1,490,000. US Bancorp DE raised 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 valued at $1,640,000 after buying an additional 1,371 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 valued at $73,595,000 after buying an additional 157,326 shares during the last quarter. Finally, Jennison Associates LLC raised its position in United Continental Holdings by 13.5% in the fourth quarter. Jennison Associates LLC now owns 1,531,025 shares of the company’s stock valued at $87,728,000 after buying an additional 181,967 shares during 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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