United Continental Holdings Inc (NASDAQ:UAL) Receives Consensus Rating of “Hold” from Brokerages

Shares of United Continental Holdings Inc (NASDAQ:UAL) have been given a consensus rating of “Hold” by the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $67.00.

UAL has been the topic of a number of recent analyst reports. Barclays cut United Continental from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $60.00 to $40.00 in a research note on Monday, May 4th. Cfra lowered their target price on United Continental from $110.00 to $83.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. UBS Group lowered their target price on United Continental from $41.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Argus cut United Continental from a “buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Bank of America lowered their target price on United Continental from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th.

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in United Continental by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 3,727,217 shares of the transportation company’s stock valued at $117,431,000 after buying an additional 98,134 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in United Continental by 2.1% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 3,533,908 shares of the transportation company’s stock valued at $311,302,000 after buying an additional 72,343 shares in the last quarter. Renaissance Technologies LLC grew its holdings in United Continental by 33.6% during the 4th quarter. Renaissance Technologies LLC now owns 3,342,743 shares of the transportation company’s stock valued at $294,462,000 after buying an additional 841,108 shares in the last quarter. FMR LLC grew its holdings in United Continental by 29.4% during the 4th quarter. FMR LLC now owns 2,658,753 shares of the transportation company’s stock valued at $234,209,000 after buying an additional 603,750 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in United Continental by 12.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,071,644 shares of the transportation company’s stock valued at $65,360,000 after buying an additional 221,656 shares in the last quarter. 85.18% of the stock is owned by institutional investors and hedge funds.

NASDAQ:UAL traded up $1.42 during trading hours on Monday, hitting $29.46. 57,234,547 shares of the company traded hands, compared to its average volume of 26,298,688. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 1.98. The firm’s 50-day simple moving average is $26.31 and its 200-day simple moving average is $60.73. United Continental has a one year low of $17.80 and a one year high of $96.03. The company has a market cap of $6.95 billion, a PE ratio of 8.01 and a beta of 1.47.

United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported ($2.57) earnings per share for the quarter, beating the consensus estimate of ($3.36) by $0.79. United Continental had a return on equity of 20.51% and a net margin of 2.43%. The business had revenue of $7.98 billion for the quarter, compared to analysts’ expectations of $8.21 billion. During the same period last year, the business earned $1.15 EPS. The business’s revenue was down 16.8% on a year-over-year basis. As a group, equities research analysts expect that United Continental will post -20.35 EPS for the current year.

United Continental Company Profile

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

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Analyst Recommendations for United Continental (NASDAQ:UAL)

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