Atlantic Securities restated their neutral rating on shares of United Continental Holdings, Inc. (NYSE:UAL) in a research report released on Tuesday, October 24th, MarketBeat Ratings reports. Atlantic Securities currently has a $100.00 price target on the transportation company’s stock, up from their previous price target of $58.87.
Other equities analysts have also recently issued reports about the stock. UBS AG lifted their target price on shares of United Continental Holdings from $103.00 to $109.00 and gave the company a buy rating in a report on Wednesday, July 12th. Bank of America Corporation reiterated a buy rating and issued a $105.00 price objective on shares of United Continental Holdings in a research report on Wednesday, July 12th. Buckingham Research reiterated a buy rating and issued a $97.00 price objective on shares of United Continental Holdings in a research report on Saturday, July 22nd. Barclays PLC reiterated a buy rating and issued a $90.00 price objective on shares of United Continental Holdings in a research report on Thursday, September 14th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $110.00 price objective on shares of United Continental Holdings in a research report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $77.63.
United Continental Holdings (NYSE:UAL) traded up $0.13 during mid-day trading on Tuesday, reaching $58.52. 3,179,900 shares of the company’s stock were exchanged, compared to its average volume of 4,416,697. The firm has a market capitalization of $17,298.18, a PE ratio of 8.17, a P/E/G ratio of 1.50 and a beta of 1.02. United Continental Holdings has a 12 month low of $57.34 and a 12 month high of $83.04. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.26%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $3.11 EPS. equities analysts predict that United Continental Holdings will post 6.33 EPS for the current year.
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In related news, Director Edward Shapiro purchased 15,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was purchased at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now directly owns 27,707 shares in the company, valued at $1,658,818.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Milton bought 1,000 shares of United Continental Holdings stock in a transaction dated Tuesday, October 24th. The shares were acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the completion of the purchase, the director now owns 6,176 shares in the company, valued at approximately $361,913.60. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Hosking Partners LLP raised its position in shares of United Continental Holdings by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock valued at $36,625,000 after acquiring an additional 7,737 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of United Continental Holdings during the 2nd quarter valued at approximately $3,306,000. Sciencast Management LP acquired a new stake in shares of United Continental Holdings during the 2nd quarter valued at approximately $1,822,000. Renaissance Technologies LLC acquired a new stake in shares of United Continental Holdings during the 1st quarter valued at approximately $19,240,000. Finally, Thrivent Financial For Lutherans raised its position in shares of United Continental Holdings by 1.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock valued at $86,335,000 after acquiring an additional 18,310 shares in the last quarter. Institutional investors own 97.67% 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 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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