United Continental Holdings Inc (UAL) was Downgraded by Imperial Capital to ” In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 76 from a previous price target of $65 . Earlier the firm had a rating of “Outperform ” on the company shares. Imperial Capital advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on United Continental Holdings Inc. United Continental Holdings Inc was Initiated by Citigroup to “Neutral” on Nov 18, 2016. Company shares were Reiterated by Cowen on Nov 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 71 from a previous price target of $60 .Shares were Reiterated by Stifel on Oct 24, 2016 to “Buy” and Lowered the Price Target to $ 65 from a previous price target of $70 .
On the company’s financial health, United Continental Holdings Inc reported $3.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $3.06. The company had revenue of $9913.00 million for the quarter, compared to analysts expectations of $9912.03 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.53 EPS.
United Continental Holdings Inc opened for trading at $68.05 and hit $68.47 on the upside on Monday, eventually ending the session at $68.29, with a gain of 0.63% or 0.43 points. The heightened volatility saw the trading volume jump to 49,63,616 shares. Company has a market cap of $21,667 M.
In a different news, on Nov 18, 2016, Chris Kenny (Vice President & Controller) sold 3,824 shares at $67.39 per share price. According to the SEC, on Sep 6, 2016, Andrew C Levy (CFO) purchased 15,000 shares at $50.96 per share price. On Apr 29, 2016, Linda P Jojo (EVP and CIO) purchased 2,500 shares at $48.77 per share price, according to the Form-4 filing with the securities and exchange commission.
United Continental Holdings Inc. (UAL) is a holding company and its principal wholly owned subsidiary is United Air Lines Inc. (United). The Company transports people and cargo through its mainline operations which use jet aircraft with at least 118 seats and its regional 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 an average of 5055 flights a day to 373 airports across six continents from the Companys hubs at Newark Liberty International Airport Chicago OHare International Airport Denver International Airport George Bush Intercontinental Airport Los Angeles International Airport A.B. Won Pat International Airport San Francisco International Airport and Washington Dulles International Airport. It has contractual relationships with a range of regional carriers to provide regional jet and turboprop service branded as United Express.