United Continental Holdings, Inc. (NYSE:UAL) Stock Rating Reaffirmed by Sanford C. Bernstein
United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “hold” rating restated by analysts at Sanford C. Bernstein in a report issued on Monday.
A number of other research analysts also recently commented on the company. Vetr downgraded United Continental Holdings from a “strong-buy” rating to a “sell” rating and set a $65.32 target price on the stock. in a research note on Tuesday, April 11th. Cowen and Company boosted their target price on United Continental Holdings from $72.00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday, April 11th. Stifel Nicolaus restated a “buy” rating on shares of United Continental Holdings in a research note on Wednesday, April 19th. BidaskClub downgraded United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research upgraded United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $85.16.
United Continental Holdings (UAL) opened at 67.79 on Monday. United Continental Holdings has a 12-month low of $46.53 and a 12-month high of $83.04. The stock has a 50 day moving average price of $74.62 and a 200-day moving average price of $73.92. The stock has a market capitalization of $20.62 billion, a P/E ratio of 9.37 and a beta of 1.03.
United Continental Holdings (NYSE:UAL) last issued its earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that United Continental Holdings will post $7.83 EPS for the current year.
In related news, EVP Gregory L. Hart sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the completion of the transaction, the executive vice president now owns 28,369 shares of the company’s stock, valued at approximately $2,179,590.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. boosted its position in United Continental Holdings by 10.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock valued at $13,063,000 after buying an additional 17,420 shares in the last quarter. Independent Advisor Alliance boosted its position in United Continental Holdings by 29.1% in the first quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock valued at $298,000 after buying an additional 959 shares in the last quarter. Stifel Financial Corp boosted its position in United Continental Holdings by 10.2% in the first quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock valued at $463,000 after buying an additional 606 shares in the last quarter. Renaissance Technologies LLC acquired a new position in United Continental Holdings during the first quarter valued at $19,240,000. Finally, Suntrust Banks Inc. boosted its position in United Continental Holdings by 4.0% in the first quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock valued at $406,000 after buying an additional 220 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.
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 flights 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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