United Continental Holdings’ (UAL) Buy Rating Reiterated at Barclays PLC

Barclays PLC reaffirmed their buy rating on shares of United Continental Holdings, Inc. (NYSE:UAL) in a research report report published on Thursday morning. Barclays PLC currently has a $90.00 price objective on the transportation company’s stock.

A number of other research firms have also recently weighed in on UAL. ValuEngine upgraded United Continental Holdings from a buy rating to a strong-buy rating in a report on Friday, June 2nd. UBS AG reiterated a buy rating and set a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Morgan Stanley reiterated an equal weight rating and set a $85.00 price target (up from $80.00) on shares of United Continental Holdings in a report on Thursday, July 13th. Citigroup Inc. increased their price target on United Continental Holdings from $78.00 to $85.00 and gave the stock a neutral rating in a report on Thursday, July 13th. Finally, Sanford C. Bernstein reiterated a market perform rating and set a $86.00 price target on shares of United Continental Holdings in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. United Continental Holdings has a consensus rating of Hold and an average price target of $81.92.

Shares of United Continental Holdings (NYSE UAL) opened at 59.80 on Thursday. The company has a market capitalization of $18.19 billion, a P/E ratio of 8.26 and a beta of 1.06. The stock’s 50 day moving average price is $64.14 and its 200 day moving average price is $71.77. United Continental Holdings has a 52-week low of $49.28 and a 52-week high of $83.04. United Continental Holdings also was the target of unusually large options trading on Thursday. Stock traders acquired 1,399 call options on the company. This represents an increase of 115% compared to the typical volume of 650 call options.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.44. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.61 EPS. On average, equities research analysts forecast that United Continental Holdings will post $6.71 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of UAL. Suntrust Banks Inc. raised its position in United Continental Holdings by 4.0% in the 1st quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock valued at $406,000 after purchasing an additional 220 shares in the last quarter. Pictet Asset Management Ltd. raised its position in United Continental Holdings by 1.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 80,159 shares of the transportation company’s stock valued at $5,662,000 after purchasing an additional 900 shares in the last quarter. Swiss National Bank raised its position in United Continental Holdings by 22.5% in the 1st quarter. Swiss National Bank now owns 280,762 shares of the transportation company’s stock valued at $19,833,000 after purchasing an additional 51,600 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of United Continental Holdings by 18.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 538,267 shares of the transportation company’s stock worth $38,023,000 after acquiring an additional 82,122 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in shares of United Continental Holdings by 8.8% during the 1st quarter. TD Asset Management Inc. now owns 314,600 shares of the transportation company’s stock worth $22,223,000 after acquiring an additional 25,550 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

United Continental Holdings Company Profile

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.

Analyst Recommendations for United Continental Holdings (NYSE:UAL)

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