Trading Report: The Sanford C. Bernstein Begins Coverage on United Continental Holdings Inc. (UAL)

The Sanford C. Bernstein Begins Coverage on United Continental Holdings Inc. (UAL)

Sanford C. Bernstein started coverage on shares of United Continental Holdings Inc. (NYSE:UAL) in a research note released on Monday morning. The brokerage issued a market perform rating and a $55.00 target price on the stock.

A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group AG reiterated an underweight rating on shares of United Continental Holdings in a research note on Saturday, June 25th. Cowen and Company reiterated an outperform rating and issued a $60.00 target price on shares of United Continental Holdings in a research note on Wednesday, August 31st. Morgan Stanley reiterated a buy rating and issued a $57.00 target price on shares of United Continental Holdings in a research note on Sunday, August 21st. Raymond James Financial Inc. upgraded shares of United Continental Holdings from a market perform rating to an outperform rating and set a $65.00 target price on the stock in a research note on Tuesday, August 30th. Finally, Zacks Investment Research cut shares of United Continental Holdings from a hold rating to a strong sell rating in a research note on Thursday, June 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. United Continental Holdings currently has a consensus rating of Buy and a consensus target price of $63.05.

United Continental Holdings (NYSE:UAL) opened at 52.88 on Monday. The company has a market capitalization of $17.05 billion, a PE ratio of 2.89 and a beta of 0.53. The firm has a 50-day moving average of $51.38 and a 200 day moving average of $48.37. United Continental Holdings has a 12-month low of $37.41 and a 12-month high of $61.87.

United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.17. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. During the same period in the previous year, the company earned $3.31 earnings per share. Analysts forecast that United Continental Holdings will post $7.98 EPS for the current fiscal year.

In other United Continental Holdings news, CFO Andrew C. Levy acquired 15,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was bought at an average price of $50.96 per share, with a total value of $764,400.00. Following the purchase, the chief financial officer now owns 20,791 shares of the company’s stock, valued at $1,059,509.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock valued at $105,000 after buying an additional 418 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in United Continental Holdings during the second quarter valued at approximately $107,000. Northwestern Mutual Wealth Management Co. boosted its stake in United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock valued at $145,000 after buying an additional 1,700 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in United Continental Holdings by 302.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,182 shares of the company’s stock valued at $172,000 after buying an additional 3,144 shares in the last quarter. Finally, Advisor Group Inc. bought a new stake in United Continental Holdings during the second quarter valued at approximately $176,000. 93.39% of the stock is owned by institutional investors and hedge funds.

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