The stock of United Continental Holdings Inc (NYSE:UAL) hit a new 52-week high and has $96.61 target or 41.00% above today’s $68.52 share price. The 6 months bullish chart indicates low risk for the $23.59B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $96.61 price target is reached, the company will be worth $9.67B 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 2.34M shares traded hands. United Continental Holdings Inc (NYSE:UAL) has risen 17.64% since April 19, 2016 and is uptrending. It has outperformed by 13.78% the S&P500.
United Continental Holdings Inc (NYSE:UAL) Ratings Coverage
Out of 15 analysts covering United Continental (NYSE:UAL), 9 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 60% are positive. United Continental has been the topic of 31 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Imperial Capital initiated United Continental Holdings Inc (NYSE:UAL) rating on Tuesday, August 23. Imperial Capital has “Outperform” rating and $57 price target. JP Morgan maintained it with “Overweight” rating and $66.50 target price in Thursday, February 4 report. The rating was downgraded by Credit Suisse on Wednesday, July 6 to “Neutral”. The stock has “Mkt Perform” rating given by Bernstein on Tuesday, October 11. Stephens initiated the shares of UAL in a report on Tuesday, March 29 with “Equal-Weight” rating. The firm has “Overweight” rating by Morgan Stanley given on Thursday, April 28. As per Friday, July 24, the company rating was upgraded by Deutsche Bank. Raymond James upgraded the shares of UAL in a report on Tuesday, August 30 to “Outperform” rating. Raymond James downgraded United Continental Holdings Inc (NYSE:UAL) on Thursday, March 24 to “Market Perform” rating. Standpoint Research downgraded the stock to “Hold” rating in Thursday, November 10 report.
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 decreased to 0.8 in Q2 2016. Its down 0.04, from 0.84 in 2016Q1. The ratio is negative, 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.
Dubuque Commercial Bank And Trust Co holds 0% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 300 shares. Blue Bell Private Wealth Management Ltd Limited Liability Company has 850 shares for 0.02% of their US portfolio. Westport Mgmt has invested 0.01% of its portfolio in United Continental Holdings Inc (NYSE:UAL). Fifth Third National Bank reported 1,444 shares or 0% of all its holdings. Exxonmobil Inv Mngmt Tx holds 0.08% or 86,896 shares in its portfolio. Lba Wealth Limited Liability Corp holds 25 shares or 0% of its portfolio. Point72 Asset Management Limited Partnership last reported 0.17% of its portfolio in the stock. The Minnesota-based Ameriprise Inc has invested 0.1% in United Continental Holdings Inc (NYSE:UAL). Alps Incorporated holds 0% or 7,928 shares in its portfolio. Whittier Tru Com holds 280 shares or 0% of its portfolio. Nwi L P accumulated 2.43% or 710,000 shares. Credit Suisse Ag holds 0.02% or 348,057 shares in its portfolio. Thompson Siegel & Walmsley Ltd Llc reported 9,600 shares or 0.01% of all its holdings. Numeric Ltd Limited Liability Company has 0.01% invested in the company for 17,000 shares. Twin Tree L P, a Texas-based fund reported 29,470 shares.
Insider Transactions: Since September 2, 2016, the stock had 1 insider purchase, and 1 sale for $506,687 net activity. KENNY CHRIS also sold $257,706 worth of United Continental Holdings Inc (NYSE:UAL) on Thursday, November 17. 15,000 shares were bought by Levy Andrew C, worth $764,393.
More important recent United Continental Holdings Inc (NYSE:UAL) news were published by: Wsj.com which released: “United Continental Postpones Boeing 737 Jets” on November 15, 2016, also Reuters.com published article titled: “BRIEF-United Continental Holdings Inc reduces its capital expenditures”, Wsj.com published: “United Continental Investors Hope Their Airline Closes the Gap” on November 12, 2016. More interesting news about United Continental Holdings Inc (NYSE:UAL) was released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: American Airlines Group, United Continental …” with publication date: November 18, 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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