United Continental Holdings Inc. (UAL) Receives New Coverage from Analysts at Sanford C. Bernstein
Sanford C. Bernstein assumed coverage on shares of United Continental Holdings Inc. (NYSE:UAL) in a research note published on Monday morning. The brokerage issued a market perform rating and a $55.00 price target on the stock.
Several other equities analysts have also weighed in on UAL. Morgan Stanley restated an overweight rating on shares of United Continental Holdings in a report on Wednesday, June 15th. Zacks Investment Research lowered shares of United Continental Holdings from a hold rating to a strong sell rating in a report on Thursday, June 16th. Credit Suisse Group AG reiterated an underweight rating on shares of United Continental Holdings in a report on Saturday, June 25th. Deutsche Bank AG upgraded shares of United Continental Holdings from a hold rating to a buy rating and set a $59.00 price objective on the stock in a report on Tuesday, July 12th. Finally, Bank of America Corp. reiterated a hold rating and issued a $52.00 price objective on shares of United Continental Holdings in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. United Continental Holdings currently has an average rating of Buy and a consensus price target of $62.70.
Shares of United Continental Holdings (NYSE:UAL) traded down 0.52% during trading on Monday, hitting $53.92. The company’s stock had a trading volume of 1,321,271 shares. United Continental Holdings has a 52 week low of $37.41 and a 52 week high of $61.87. The firm’s 50 day moving average price is $51.04 and its 200-day moving average price is $48.30. The company has a market cap of $17.38 billion, a PE ratio of 2.95 and a beta of 0.53.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, beating the Thomson Reuters’ 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. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. During the same quarter in the previous year, the business posted $3.31 EPS. On average, analysts predict that United Continental Holdings will post $7.98 earnings per share for the current year.
In other news, CFO Andrew C. Levy bought 15,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was purchased at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the transaction, the chief financial officer now owns 20,791 shares in the company, valued at $1,059,509.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA raised its stake in shares of United Continental Holdings by 0.3% in the first quarter. Primecap Management Co. CA now owns 19,534,025 shares of the company’s stock worth $1,169,307,000 after buying an additional 68,025 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of United Continental Holdings by 149.9% in the first quarter. Scotia Capital Inc. now owns 9,156 shares of the company’s stock worth $548,000 after buying an additional 27,499 shares in the last quarter. BB&T Securities LLC bought a new stake in shares of United Continental Holdings during the first quarter worth $482,000. Canada Pension Plan Investment Board raised its stake in shares of United Continental Holdings by 50.2% in the first quarter. Canada Pension Plan Investment Board now owns 388,932 shares of the company’s stock worth $23,281,000 after buying an additional 129,957 shares in the last quarter. Finally, Credit Agricole S A raised its stake in shares of United Continental Holdings by 12.5% in the first quarter. Credit Agricole S A now owns 126,481 shares of the company’s stock worth $7,572,000 after buying an additional 14,101 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.
United Continental Holdings Company Profile
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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