United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. in a research note issued on Thursday, September 7th. They currently have a $68.00 price objective on the transportation company’s stock, down from their previous price objective of $85.00. Citigroup Inc.’s target price would suggest a potential upside of 13.71% from the company’s previous close.
Other research analysts also recently issued reports about the company. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. UBS AG restated a “buy” rating and issued a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $86.00 price objective on shares of United Continental Holdings in a report on Thursday, July 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 price objective (up from $80.00) on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $100.00 price objective on shares of United Continental Holdings in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. United Continental Holdings presently has a consensus rating of “Hold” and an average target price of $81.92.
United Continental Holdings (UAL) traded down 2.37% on Thursday, reaching $59.80. 10,105,064 shares of the company traded hands. United Continental Holdings has a 52-week low of $49.28 and a 52-week high of $83.04. The stock has a 50-day moving average price of $64.14 and a 200-day moving average price of $71.77. The firm has a market cap of $18.19 billion, a P/E ratio of 8.26 and a beta of 1.06. United Continental Holdings also was the recipient of unusually large options trading on Thursday. Traders purchased 1,399 call options on the stock. This is an increase of approximately 115% compared to the average daily volume of 650 call options.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the previous year, the firm earned $2.61 EPS. United Continental Holdings’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that United Continental Holdings will post $6.71 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.truebluetribune.com/2017/09/17/citigroup-inc-reaffirms-neutral-rating-for-united-continental-holdings-inc-ual.html.
Several hedge funds have recently bought and sold shares of UAL. MCF Advisors LLC raised its holdings in shares of United Continental Holdings by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of United Continental Holdings in the 1st quarter valued at $122,000. FNY Partners Fund LP raised its holdings in shares of United Continental Holdings by 2,073.9% in the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the period. TrimTabs Asset Management LLC raised its holdings in shares of United Continental Holdings by 88.9% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock valued at $147,000 after buying an additional 976 shares during the period. Finally, Sun Life Financial INC raised its holdings in shares of United Continental Holdings by 18,645.5% in the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after buying an additional 2,051 shares during the period. Hedge funds and other institutional investors own 97.70% 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.
Receive News & Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.