United Continental Stake Inc (UAL) Raised to Strong-Purchase at ValuEngine

United Continental Stake Inc (UAL) Raised to Strong-Purchase at ValuEngine

United Continental Holdings Inc (NYSE:UAL) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other brokerages have also recently weighed in on UAL. Imperial Capital restated an “in-line” rating and set a $75.00 target price on shares of United Continental Holdings in a report on Friday, May 19th. Vetr lowered shares of United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price objective for the company. in a research note on Tuesday, May 2nd. Citigroup Inc reaffirmed a “neutral” rating and issued a $78.00 price objective (up previously from $77.00) on shares of United Continental Holdings in a research note on Saturday, April 22nd. Cowen and Company reiterated a “market perform” rating and issued a $75.00 target price on shares of United Continental Holdings in a research report on Wednesday, April 19th. Finally, Evercore ISI downgraded shares of United Continental Holdings to a “hold” rating in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $69.82.

United Continental Holdings (NYSE UAL) traded up 1.30% during trading on Friday, reaching $82.03. The company’s stock had a trading volume of 3,201,774 shares. United Continental Holdings has a 12-month low of $37.41 and a 12-month high of $83.04. The company has a market capitalization of $25.40 billion, a P/E ratio of 12.83 and a beta of 0.58. The firm’s 50-day moving average price is $75.04 and its 200 day moving average price is $72.62. United Continental Holdings also was the target of some unusual options trading activity on Tuesday. Traders purchased 3,177 call options on the stock. This represents an increase of 289% compared to the average daily volume of 816 call options.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Monday, April 17th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The business had revenue of $8.42 billion during the quarter, compared to analysts’ expectations of $8.38 billion. United Continental Holdings had a net margin of 6.19% and a return on equity of 35.62%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.23 earnings per share. On average, analysts predict that United Continental Holdings will post $7.09 earnings per share for the current fiscal year.

In other news, EVP Michael P. Bonds sold 9,971 shares of United Continental Holdings stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $78.86, for a total transaction of $786,313.06. Following the sale, the executive vice president now directly owns 8,716 shares in the company, valued at approximately $687,343.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward Shapiro bought 10,000 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were acquired at an average price of $69.35 per share, for a total transaction of $693,500.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $693,500. The disclosure for this purchase can be found here. Company insiders own 0.39% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of United Continental Holdings by 4,642.3% in the first quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock valued at $1,559,382,000 after buying an additional 21,609,536 shares during the period. Norges Bank acquired a new stake in shares of United Continental Holdings during the fourth quarter valued at $95,598,000. LSV Asset Management raised its stake in shares of United Continental Holdings by 28.3% in the third quarter. LSV Asset Management now owns 4,171,500 shares of the transportation company’s stock valued at $218,878,000 after buying an additional 919,800 shares during the period. State Street Corp raised its stake in shares of United Continental Holdings by 7.3% in the fourth quarter. State Street Corp now owns 10,840,981 shares of the transportation company’s stock valued at $790,085,000 after buying an additional 739,535 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of United Continental Holdings by 136.4% in the fourth quarter. Teachers Advisors LLC now owns 1,149,261 shares of the transportation company’s stock valued at $83,758,000 after buying an additional 663,008 shares during the period. Institutional investors and hedge funds own 92.49% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UAL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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