The stock of United Continental Holdings Inc (NYSE:UAL) hit a new 52-week high and has $84.97 target or 32.00% above today’s $64.37 share price. The 9 months bullish chart indicates low risk for the $21.34B company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $84.97 price target is reached, the company will be worth $6.83B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.65M shares traded hands. United Continental Holdings Inc (NYSE:UAL) has risen 13.24% since April 13, 2016 and is uptrending. It has outperformed by 9.32% the S&P500.
United Continental Holdings Inc (NYSE:UAL) Ratings Coverage
Out of 14 analysts covering United Continental (NYSE:UAL), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. $88 is the highest target while $42 is the lowest. The $65.75 average target is 2.14% above today’s ($64.37) stock price. United Continental has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Tuesday, March 29 the stock rating was initiated by Stephens with “Equal-Weight”. On Monday, August 31 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was downgraded by Standpoint Research on Thursday, November 10 to “Hold”. On Friday, April 1 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock has “Outperform” rating given by Imperial Capital on Wednesday, October 12. The stock of United Continental Holdings Inc (NYSE:UAL) has “Strong Buy” rating given on Thursday, September 3 by S&P Research. The firm earned “Buy” rating on Monday, October 24 by Stifel Nicolaus. The company was initiated on Tuesday, October 11 by Bernstein. The rating was maintained by JP Morgan on Thursday, February 4 with “Overweight”. The firm earned “Neutral” rating on Wednesday, July 6 by Credit Suisse.
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.
Glenmede Trust Na holds 36,176 shares or 0.01% of its portfolio. Herndon Cap Management Limited Liability Corp accumulated 1,435 shares or 0% of the stock. Commonwealth Financial Svcs Lc holds 354 shares or 0.02% of its portfolio. Tyvor Ltd has 398,145 shares for 5.2% of their US portfolio. Millennium Ltd Liability Co last reported 645,615 shares in the company. Bluecrest Capital Mgmt Limited last reported 0.06% of its portfolio in the stock. Needham Invest Mgmt Ltd has invested 1.19% of its portfolio in United Continental Holdings Inc (NYSE:UAL). Ontario Teachers Pension Plan Board holds 0.01% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 24,078 shares. Ahl Llp last reported 0.01% of its portfolio in the stock. Gam Hldgs Ag accumulated 0.03% or 46,862 shares. Tradewinds Cap Mgmt Limited Liability Com last reported 0.09% of its portfolio in the stock. Landscape Capital Management Limited Co has 0.05% invested in the company for 10,044 shares. Plante Moran Fin Advsrs Ltd Liability reported 54 shares or 0% of all its holdings. Pinebridge Invests L P holds 0.35% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 164,302 shares. Glg Limited Liability Co holds 0.02% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 5,000 shares.
Insider Transactions: Since September 2, 2016, the stock had 1 insider buy, and 0 insider sales for $764,393 net activity. 15,000 shares with value of $764,393 were bought by Levy Andrew C on Friday, September 2.
More notable recent United Continental Holdings Inc (NYSE:UAL) news were published by: Reuters.com which released: “BRIEF-United Continental Holdings Inc reduces its capital expenditures” on November 15, 2016, also Wsj.com with their article: “United Continental Investors Hope Their Airline Closes the Gap” published on November 12, 2016, Wsj.com published: “United Continental Postpones Boeing 737 Jets” on November 15, 2016. More interesting news about United Continental Holdings Inc (NYSE:UAL) were released by: Wsj.com and their article: “Warren Buffett’s Berkshire Hathaway Discloses New Investments in Airlines” published on November 14, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: United Continental Holdings, Inc., 40.0% Follow …” with publication date: October 17, 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).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.