United Continental Holdings Inc (NYSE:UAL) has been assigned an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $81.70.
A number of equities analysts have commented on the stock. Citigroup raised shares of United Continental from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, January 10th. Atlantic Securities reissued a “neutral” rating and set a $100.00 price target (up previously from $58.87) on shares of United Continental in a report on Tuesday, October 24th. JPMorgan Chase & Co. raised shares of United Continental from an “underweight” rating to an “overweight” rating and set a $83.00 price target for the company in a report on Tuesday, January 30th. ValuEngine raised shares of United Continental from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, Evercore ISI downgraded shares of United Continental from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 24th.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of United Continental by 0.4% during the fourth quarter. BlackRock Inc. now owns 20,184,414 shares of the transportation company’s stock valued at $1,360,430,000 after purchasing an additional 73,200 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of United Continental by 8.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,431,983 shares of the transportation company’s stock valued at $208,949,000 after purchasing an additional 269,219 shares in the last quarter. Cyrus Capital Partners L.P. raised its stake in shares of United Continental by 18.4% during the fourth quarter. Cyrus Capital Partners L.P. now owns 3,133,622 shares of the transportation company’s stock valued at $211,206,000 after purchasing an additional 487,000 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of United Continental by 11.3% during the third quarter. Ameriprise Financial Inc. now owns 2,186,098 shares of the transportation company’s stock valued at $133,088,000 after purchasing an additional 222,636 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in shares of United Continental by 28.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,738,886 shares of the transportation company’s stock valued at $105,863,000 after purchasing an additional 380,410 shares in the last quarter. Institutional investors and hedge funds own 94.79% of the company’s stock.
United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the company earned $1.78 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities research analysts predict that United Continental will post 7.43 earnings per share for the current fiscal year.
United Continental announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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