United Continental Holdings, Inc. (UAL) Stock Rating Reaffirmed by Raymond James Financial, Inc.
United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “market perform” rating reissued by equities research analysts at Raymond James Financial, Inc. in a research report issued to clients and investors on Wednesday.
Several other research firms also recently commented on UAL. Buckingham Research downgraded United Continental Holdings from a “buy” rating to a “neutral” rating and upped their price objective for the company from $49.28 to $59.80 in a research note on Monday. J P Morgan Chase & Co downgraded United Continental Holdings from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $84.00 to $68.00 in a research note on Friday, September 15th. Barclays PLC reiterated a “buy” rating and issued a $90.00 price objective on shares of United Continental Holdings in a research note on Thursday, September 14th. Citigroup Inc. reiterated a “neutral” rating and issued a $68.00 price objective (down previously from $85.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Finally, Stephens reiterated an “equal weight” rating and issued a $65.00 price objective (down previously from $80.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.85.
Shares of United Continental Holdings (NYSE:UAL) opened at 57.54 on Wednesday. The company’s 50-day moving average is $63.57 and its 200-day moving average is $71.48. The firm has a market cap of $17.51 billion, a P/E ratio of 7.95 and a beta of 1.06. United Continental Holdings has a 52-week low of $49.28 and a 52-week high of $83.04.
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. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.61 EPS. Equities research analysts forecast that United Continental Holdings will post $6.71 earnings per share for the current fiscal year.
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In related news, Director Edward Shapiro acquired 15,000 shares of the stock in a transaction on Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the acquisition, the director now directly owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.27% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. NN Investment Partners Holdings N.V. lifted its holdings 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 worth $13,063,000 after buying an additional 17,420 shares during the period. Hosking Partners LLP lifted its holdings in United Continental Holdings by 1.6% in the second quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock worth $36,625,000 after buying an additional 7,737 shares during the period. Pacad Investment Ltd. purchased a new stake in United Continental Holdings in the second quarter worth about $3,306,000. Renaissance Technologies LLC purchased a new stake in United Continental Holdings in the first quarter worth about $19,240,000. Finally, Independent Advisor Alliance lifted its holdings 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 worth $298,000 after buying an additional 959 shares during the period. Institutional investors and hedge funds own 97.69% 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 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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