Price Action Don’t Lie: Time to Buy United Continental Holdings Inc After Today’s Significant Increase?

Price Action Don't Lie: Time to Buy United Continental Holdings Inc After Today's Significant Increase?

The stock of United Continental Holdings Inc (NYSE:UAL) is a huge mover today! About 2.58 million shares traded hands. United Continental Holdings Inc (NYSE:UAL) has declined 8.82% since March 1, 2016 and is downtrending. It has underperformed by 18.06% the S&P500.
The move comes after 8 months positive chart setup for the $17.81B company. It was reported on Oct, 4 by We have $80.00 PT which if reached, will make NYSE:UAL worth $8.37 billion more.

Analysts await United Continental Holdings Inc (NYSE:UAL) to report earnings on October, 27. They expect $2.86 EPS, down 36.87% or $1.67 from last year’s $4.53 per share. UAL’s profit will be $935.99 million for 4.76 P/E if the $2.86 EPS becomes a reality. After $2.61 actual EPS reported by United Continental Holdings Inc for the previous quarter, Wall Street now forecasts 9.58% EPS growth.

United Continental Holdings Inc (NYSE:UAL) Ratings Coverage

Out of 12 analysts covering United Continental (NYSE:UAL), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. United Continental has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, July 24 by Deutsche Bank. The stock has “Neutral” rating given by Credit Suisse on Wednesday, July 6. Standpoint Research initiated it with “Buy” rating and $70.0 target price in Monday, August 24 report. The stock of United Continental Holdings Inc (NYSE:UAL) earned “Outperform” rating by Cowen & Co on Monday, August 31. Raymond James upgraded United Continental Holdings Inc (NYSE:UAL) on Tuesday, August 30 to “Outperform” rating. On Thursday, March 24 the stock rating was downgraded by Raymond James to “Market Perform”. The firm earned “Outperform” rating on Tuesday, April 12 by Credit Suisse. The firm earned “Outperform” rating on Friday, January 22 by Cowen & Co. The firm has “Overweight” rating given on Thursday, February 4 by JP Morgan. The rating was initiated by Imperial Capital on Tuesday, August 23 with “Outperform”.

According to Zacks Investment Research, “United Continental Holdings, Inc. is in Airlines industry. It is the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. The Company manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks. Together with United Express, Continental Express and Continental Connection, these airlines operate throughout the Americas, Europe, Asia and Africa from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United Continental Holdings, Inc., formerly known as United Airlines Corp., is headquartered in Chicago.”

Insitutional Activity: The institutional sentiment increased to 0.84 in 2016 Q2. Its up 0.18, from 0.66 in 2016Q1. The ratio is positive, as 82 funds sold all United Continental Holdings Inc shares owned while 184 reduced positions. 70 funds bought stakes while 154 increased positions. They now own 303.48 million shares or 6.76% less from 325.50 million shares in 2016Q1.
Patten Group Inc owns 400 shares or 0% of their US portfolio. Gotham Asset Lc last reported 549,923 shares in the company. Old Mutual Customised Solutions (Proprietary) Ltd reported 1,900 shares or 0.02% of all its holdings. Blackrock Japan Company Ltd has 94,879 shares for 0.01% of their US portfolio. Exane Derivatives reported 859 shares or 0% of all its holdings. Blackrock Institutional Na last reported 0.05% of its portfolio in the stock. Plante Moran Finance Advsrs Limited Co accumulated 54 shares or 0% of the stock. Hennessy Advisors Inc has 39,100 shares for 0.05% of their US portfolio. Thompson Siegel And Walmsley Limited Company last reported 0.01% of its portfolio in the stock. Catalyst Advsrs Limited Company accumulated 1,732 shares or 0.01% of the stock. Clarivest Asset Ltd Liability holds 0% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 2,500 shares. Boston Prtnrs accumulated 3.13M shares or 0.19% of the stock. Archford Cap Strategies Limited last reported 0% of its portfolio in the stock. Sunbelt Securities Incorporated has 30 shares for 0% of their US portfolio. Blackrock Investment Ltd last reported 1.87M shares in the company.

Insider Transactions: Since April 21, 2016, the stock had 14 buys, and 0 selling transactions for $204.76 million net activity. 2,000 shares were bought by Bonds Michael P, worth $96,766. On Thursday, April 28 the insider Jojo Linda P bought $121,923. $97,825 worth of United Continental Holdings Inc (NYSE:UAL) was bought by COMPTON JAMES E. Shares for $2.94 million were bought by Harford Barney. PAR INVESTMENT PARTNERS LP had bought 1.91 million shares worth $99.25M. 15,000 United Continental Holdings Inc (NYSE:UAL) shares with value of $764,393 were bought by Levy Andrew C. 19,800 shares were bought by MUNOZ OSCAR, worth $1.00 million.

Another recent and important United Continental Holdings Inc (NYSE:UAL) news was published by which published an article titled: “United Airlines Mechanics to Vote on New Labor Agreement” on September 29, 2016.

UAL Company Profile

United Continental Holdings, Inc. (UAL), incorporated on December 30, 1968, is a holding firm and its principal subsidiary is United Air Lines, Inc. (United). The Firm 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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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. Won Pat International Airport (Guam), San Francisco International Airport (SFO) and Washington Dulles International Airport (Washington Dulles).

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