United Continental Holdings, Inc. (UAL) Downgraded by J P Morgan Chase & Co to Underweight

J P Morgan Chase & Co lowered shares of United Continental Holdings, Inc. (NYSE:UAL) from a neutral rating to an underweight rating in a research report sent to investors on Wednesday. J P Morgan Chase & Co currently has $60.00 price objective on the transportation company’s stock, down from their previous price objective of $68.00.

Several other analysts also recently commented on the company. Raymond James Financial, Inc. reissued an outperform rating and issued a $100.00 price objective on shares of United Continental Holdings in a research note on Friday, July 14th. Sanford C. Bernstein reissued a market perform rating and issued a $86.00 price objective on shares of United Continental Holdings in a research note on Thursday, July 13th. Morgan Stanley reissued an equal weight rating and issued a $85.00 price objective (up from $80.00) on shares of United Continental Holdings in a research note on Thursday, July 13th. Citigroup Inc. increased their price objective on United Continental Holdings from $78.00 to $85.00 and gave the stock a neutral rating in a research note on Thursday, July 13th. Finally, Imperial Capital increased their price objective on United Continental Holdings from $75.00 to $77.00 and gave the stock an in-line rating in a research note on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $77.63.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. During the same period in the prior year, the business earned $3.11 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis.

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In other news, Director Robert A. Milton acquired 1,000 shares of United Continental Holdings stock in a transaction on Tuesday, October 24th. The stock was acquired at an average cost of $58.60 per share, with a total value of $58,600.00. Following the completion of the acquisition, the director now owns 6,176 shares in the company, valued at $361,913.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Shapiro acquired 15,000 shares of United Continental Holdings stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of $59.87 per share, with a total value of $898,050.00. Following the completion of the acquisition, the director now owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of UAL. Exane Derivatives boosted its holdings in shares of United Continental Holdings by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after acquiring an additional 1,461 shares during the period. MCF Advisors LLC boosted its holdings in shares of United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after acquiring an additional 13 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of United Continental Holdings in the first quarter worth $122,000. Sun Life Financial INC boosted its holdings in shares of United Continental Holdings by 18,645.5% in the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after acquiring an additional 2,051 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of United Continental Holdings in the second quarter worth $181,000. 97.69% of the stock is owned by hedge funds and other institutional investors.

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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