Credit Suisse Group AG Reiterates $47.00 Price Target for United Continental Holdings Inc. (UAL)
Credit Suisse Group AG set a $47.00 target price on United Continental Holdings Inc. (NYSE:UAL) in a research note published on Friday morning. The brokerage currently has a a hold rating on the stock.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut United Continental Holdings from a hold rating to a strong sell rating in a research note on Thursday, June 16th. Morgan Stanley reaffirmed an overweight rating on shares of United Continental Holdings in a research report on Wednesday, June 15th. Cowen and Company reaffirmed an outperform rating on shares of United Continental Holdings in a research report on Thursday, August 11th. Deutsche Bank AG raised United Continental Holdings from a hold rating to a buy rating and set a $59.00 target price on the stock in a research report on Tuesday, July 12th. Finally, Imperial Capital started coverage on United Continental Holdings in a research report on Tuesday, August 23rd. They set an outperform rating and a $57.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $63.05.
United Continental Holdings (NYSE:UAL) opened at 53.52 on Friday. The stock’s 50 day moving average price is $51.23 and its 200-day moving average price is $48.34. The stock has a market capitalization of $17.26 billion, a PE ratio of 2.92 and a beta of 0.53. United Continental Holdings has a 52-week low of $37.41 and a 52-week high of $61.87.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.17. The firm earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same period in the prior year, the business posted $3.31 EPS. On average, equities analysts expect that United Continental Holdings will post $7.98 EPS for the current fiscal year.
In other United Continental Holdings news, CFO Andrew C. Levy purchased 15,000 shares of the stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the transaction, the chief financial officer now owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.
Institutional investors have recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of United Continental Holdings by 5.2% in the first quarter. IFP Advisors Inc now owns 2,133 shares of the company’s stock worth $128,000 after buying an additional 105 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of United Continental Holdings by 5.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,200 shares of the company’s stock worth $1,568,000 after buying an additional 1,276 shares in the last quarter. Franklin Resources Inc. increased its position in shares of United Continental Holdings by 1.0% in the first quarter. Franklin Resources Inc. now owns 1,149,691 shares of the company’s stock worth $68,821,000 after buying an additional 11,171 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of United Continental Holdings during the first quarter worth about $251,000. Finally, Advisor Partners LLC acquired a new position in shares of United Continental Holdings during the first quarter worth about $252,000. Institutional investors own 93.39% of the company’s stock.
About United Continental Holdings
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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