Raymond James Financial, Inc. Reiterates Market Perform Rating for United Continental Holdings, Inc. (UAL)

United Continental Holdings, Inc. (NYSE:UAL)‘s stock had its “market perform” rating reissued by research analysts at Raymond James Financial, Inc. in a research note issued to investors on Wednesday.

Other analysts also recently issued research reports about the stock. UBS AG reaffirmed a “buy” rating and issued a $103.00 target price (up previously from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Bank of America Corporation lowered their target price on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, June 30th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $68.00 target price (down previously from $85.00) on shares of United Continental Holdings in a report on Thursday, September 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 target price (up previously from $80.00) on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Zacks Investment Research downgraded shares of United Continental Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $82.35.

United Continental Holdings (NYSE UAL) opened at 58.53 on Wednesday. The firm has a market cap of $17.81 billion, a P/E ratio of 8.09 and a beta of 1.06. The firm has a 50 day moving average of $63.57 and a 200-day moving average of $71.48. United Continental Holdings has a 12 month low of $49.28 and a 12 month high of $83.04.

United Continental Holdings (NYSE:UAL) last issued 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. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 earnings per share. On average, equities research analysts forecast that United Continental Holdings will post $6.28 earnings per share for the current year.

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In other United Continental Holdings news, Director Edward Shapiro bought 15,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was bought at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the transaction, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. MCF Advisors LLC raised its position in United Continental Holdings by 0.9% during the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after acquiring an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of United Continental Holdings in the first quarter valued at approximately $122,000. FNY Partners Fund LP raised its position in shares of United Continental Holdings by 2,073.9% in the first 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 raised its position in shares of United Continental Holdings by 18,645.5% in the second 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 position in shares of United Continental Holdings in the second quarter valued at approximately $181,000. Institutional investors 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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