United Continental Holdings Inc. (UAL) Trading 8.9% Higher
United Continental Holdings Inc. (NYSE:UAL) shares traded up 8.9% on Tuesday . The stock traded as high as $51.53 and last traded at $51.14, with a volume of 8,422,370 shares. The stock had previously closed at $46.95.
Several research analysts have weighed in on the company. Bank of America Corp. reaffirmed a “hold” rating and set a $52.00 price target on shares of United Continental Holdings in a research report on Wednesday, July 20th. Standpoint Research reiterated a “buy” rating on shares of United Continental Holdings in a research note on Wednesday, July 27th. Vetr upgraded United Continental Holdings from a “hold” rating to a “buy” rating and set a $49.50 target price for the company in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. reduced their target price on United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Finally, Cowen and Company reiterated an “outperform” rating on shares of United Continental Holdings in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $65.05.
The company has a 50-day moving average price of $47.09 and a 200-day moving average price of $49.33. The firm has a market capitalization of $16.44 billion and a P/E ratio of 2.79.
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 in the previous year, the business posted $3.31 earnings per share. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. Equities analysts expect that United Continental Holdings Inc. will post $7.99 earnings per share for the current fiscal year.
Other hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in United Continental Holdings during the fourth quarter worth about $1,084,000. Employees Retirement System of Texas purchased a new stake in United Continental Holdings during the fourth quarter worth about $1,490,000. Finally, Ameriprise Financial Inc. increased its stake in United Continental Holdings by 20.6% in the fourth quarter. Ameriprise Financial Inc. now owns 1,696,239 shares of the company’s stock worth $97,195,000 after buying an additional 289,850 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.