United Continental Holdings, Inc. (UAL) Given Buy Rating at Bank of America Corporation

Bank of America Corporation restated their buy rating on shares of United Continental Holdings, Inc. (NYSE:UAL) in a research note published on Tuesday morning. The firm currently has a $84.00 price objective on the transportation company’s stock, down from their prior price objective of $85.00.

Other equities analysts have also recently issued research reports about the company. UBS AG lifted their target price on United Continental Holdings from $103.00 to $109.00 and gave the company a buy rating in a research note on Wednesday, July 12th. Buckingham Research reaffirmed a buy rating and set a $97.00 target price on shares of United Continental Holdings in a research note on Saturday, July 22nd. Barclays PLC reaffirmed a buy rating and set a $90.00 target price on shares of United Continental Holdings in a research note on Thursday, September 14th. Stifel Nicolaus reaffirmed a buy rating and set a $110.00 target price on shares of United Continental Holdings in a research note on Wednesday, September 20th. Finally, Morgan Stanley lifted their target price on United Continental Holdings from $79.00 to $85.00 and gave the company an equal weight rating in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. United Continental Holdings presently has an average rating of Hold and an average price target of $81.31.

United Continental Holdings (UAL) opened at 67.98 on Tuesday. United Continental Holdings has a one year low of $51.34 and a one year high of $83.04. The stock’s 50 day moving average is $61.48 and its 200 day moving average is $70.69. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 9.39 and a beta of 1.05.

United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the business posted $2.61 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that United Continental Holdings will post $6.34 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/united-continental-holdings-inc-ual-given-buy-rating-at-bank-of-america-corporation.html.

In other news, Director Edward Shapiro purchased 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now directly owns 27,707 shares in the company, valued at $1,658,818.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. MCF Advisors LLC lifted its holdings in shares of United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of United Continental Holdings during the 1st quarter valued at about $122,000. FNY Partners Fund LP lifted its holdings in shares of United Continental Holdings by 2,073.9% during the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of United Continental Holdings by 18,645.5% during the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after buying an additional 2,051 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of United Continental Holdings during the 2nd quarter valued at about $181,000. Institutional investors and hedge funds own 97.69% of the company’s stock.

About United Continental Holdi

Other equities analysts have also recently issued research reports about the company. UBS AG lifted their target price on United Continental Holdings from $103.00 to $109.00 and gave the company a buy rating in a research note on Wednesday, July 12th. Buckingham Research reaffirmed a buy rating and set a $97.00 target price on shares of United Continental Holdings in a research note on Saturday, July 22nd. Barclays PLC reaffirmed a buy rating and set a $90.00 target price on shares of United Continental Holdings in a research note on Thursday, September 14th. Stifel Nicolaus reaffirmed a buy rating and set a $110.00 target price on shares of United Continental Holdings in a research note on Wednesday, September 20th. Finally, Morgan Stanley lifted their target price on United Continental Holdings from $79.00 to $85.00 and gave the company an equal weight rating in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. United Continental Holdings presently has an average rating of Hold and an average price target of $81.31.

United Continental Holdings (UAL) opened at 67.98 on Tuesday. United Continental Holdings has a one year low of $51.34 and a one year high of $83.04. The stock’s 50 day moving average is $61.48 and its 200 day moving average is $70.69. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 9.39 and a beta of 1.05.

United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the business posted $2.61 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that United Continental Holdings will post $6.34 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/united-continental-holdings-inc-ual-given-buy-rating-at-bank-of-america-corporation.html.

In other news, Director Edward Shapiro purchased 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now directly owns 27,707 shares in the company, valued at $1,658,818.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. MCF Advisors LLC lifted its holdings in shares of United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of United Continental Holdings during the 1st quarter valued at about $122,000. FNY Partners Fund LP lifted its holdings in shares of United Continental Holdings by 2,073.9% during the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of United Continental Holdings by 18,645.5% during the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after buying an additional 2,051 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of United Continental Holdings during the 2nd quarter valued at about $181,000. Institutional investors and hedge funds own 97.69% 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.

Analyst Recommendations for United Continental Holdings (NYSE:UAL)

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