Trading Report: The Imperial Capital Raises United Continental Holdings Inc. (UAL) Price Target to $63.00

The Imperial Capital Raises United Continental Holdings Inc. (UAL) Price Target to $63.00

United Continental Holdings Inc. (NYSE:UAL) had its target price upped by Imperial Capital from $57.00 to $63.00 in a research note issued to investors on Tuesday. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on UAL. Standpoint Research reissued a buy rating on shares of United Continental Holdings in a report on Wednesday, July 27th. Credit Suisse Group AG cut United Continental Holdings from an outperform rating to a neutral rating and cut their price target for the stock from $64.00 to $42.00 in a report on Wednesday, July 6th. JPMorgan Chase & Co. cut their price target on United Continental Holdings from $72.00 to $61.50 and set an overweight rating for the company in a report on Wednesday, July 27th. Vetr raised United Continental Holdings from a hold rating to a strong-buy rating and set a $56.33 price target for the company in a report on Monday, August 29th. Finally, Cowen and Company reissued an outperform rating on shares of United Continental Holdings in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $63.05.

United Continental Holdings (NYSE:UAL) opened at 53.69 on Tuesday. United Continental Holdings has a 1-year low of $37.41 and a 1-year high of $61.87. The company’s 50-day moving average price is $51.56 and its 200 day moving average price is $48.41. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 2.93 and a beta of 0.53.

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

In related news, CFO Andrew C. Levy bought 15,000 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at $1,059,509.36. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.39% of the stock is owned by insiders.

Several large investors have recently modified their holdings of UAL. Strs Ohio increased its stake in shares of United Continental Holdings by 8,368.8% in the second quarter. Strs Ohio now owns 569,526 shares of the company’s stock valued at $23,373,000 after buying an additional 562,801 shares during the last quarter. Legal & General Group Plc increased its stake in shares of United Continental Holdings by 3.4% in the first quarter. Legal & General Group Plc now owns 430,225 shares of the company’s stock valued at $25,757,000 after buying an additional 14,102 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of United Continental Holdings by 134.0% in the second quarter. Retirement Systems of Alabama now owns 421,643 shares of the company’s stock valued at $17,304,000 after buying an additional 241,462 shares during the last quarter. Convergence Investment Partners LLC increased its stake in shares of United Continental Holdings by 12.0% in the second quarter. Convergence Investment Partners LLC now owns 66,921 shares of the company’s stock valued at $2,746,000 after buying an additional 7,193 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of United Continental Holdings during the second quarter valued at $267,000. 93.39% of the stock is owned by institutional investors.

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