Shares of United Continental Holdings, Inc. (NYSE:UAL) have been assigned an average recommendation of “Hold” from the twenty-four brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $74.75.
Several equities research analysts have recently issued reports on the company. TheStreet raised United Continental from a “c+” rating to a “b” rating in a research report on Thursday. Cowen reaffirmed a “hold” rating and set a $67.00 target price on shares of United Continental in a research report on Friday. Zacks Investment Research lowered United Continental from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $110.00 target price on shares of United Continental in a research report on Wednesday, September 20th. Finally, Macquarie assumed coverage on United Continental in a research report on Monday, September 25th. They set a “neutral” rating and a $64.00 target price for the company.
Shares of United Continental (NYSE:UAL) traded up $0.02 during trading on Thursday, hitting $63.55. The stock had a trading volume of 4,787,769 shares, compared to its average volume of 3,565,732. United Continental has a 1 year low of $56.51 and a 1 year high of $83.04. The stock has a market cap of $18,826.81, a price-to-earnings ratio of 8.89, a PEG ratio of 1.64 and a beta of 1.04. 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 (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.10. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. During the same period last year, the firm posted $3.11 EPS. The business’s revenue was down .4% compared to the same quarter last year. equities analysts forecast that United Continental will post 6.31 EPS for the current fiscal year.
United Continental announced that its Board of Directors has initiated a share buyback plan on Thursday, December 7th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
In other United Continental news, Director Edward Shapiro purchased 15,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert A. Milton purchased 1,000 shares of the company’s 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 transaction, 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. Company insiders own 0.27% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of UAL. Vanguard Group Inc. lifted its position in United Continental by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after buying an additional 930,321 shares during the last quarter. Janus Henderson Group PLC lifted its position in United Continental by 30,735.3% in the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after buying an additional 6,934,500 shares during the last quarter. Boston Partners lifted its position in United Continental by 37.7% in the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after buying an additional 1,324,894 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in United Continental by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,431,983 shares of the transportation company’s stock worth $208,949,000 after buying an additional 269,219 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in United Continental by 33.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock worth $160,585,000 after buying an additional 656,990 shares during the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.
About United Continental
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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