Credit Suisse Downgrades United Continental Holdings Inc to Neutral with Price Target $42.00

Brokerage firm Credit Suisse Downgrades its rating on United Continental Holdings Inc(NYSE:UAL). In a research note issued to the investors, the brokerage major Lowers the price-target to $42.00 per share. The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Credit Suisse was issued on Jul 6, 2016.

In a different note, On Apr 28, 2016, Morgan Stanley said it Maintains its rating on United Continental Holdings Inc. In the research note, the firm Lowers the price-target to $67.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 22, 2016, Sterne Agee CRT said it Downgrades its rating on United Continental Holdings Inc. The shares have been rated ‘Neutral’ by the firm. On Apr 22, 2016, Cowen & Company said it Maintains its rating on United Continental Holdings Inc. In the research note, the firm Lowers the price-target to $65.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 22, 2016, Stifel Nicolaus said it Maintains its rating on United Continental Holdings Inc. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 22, 2016, Stephens & Co. said it Maintains its rating on United Continental Holdings Inc. In the research note, the firm Lowers the price-target to $61.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

United Continental Holdings Inc (UAL) made into the market gainers list on Mondays trading session with the shares advancing 2.24% or 0.93 points. Due to strong positive momentum, the stock ended at $42.41, which is also near the day’s high of $42.74. The stock began the session at $41.88 and the volume stood at 46,61,729 shares. The 52-week high of the shares is $62.21 and the 52 week low is $37.41. The company has a current market capitalization of $14,285 M and it has 33,68,23,230 shares in outstanding.

United Continental Holdings Inc(UAL) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $8.20B. Analysts had an estimated revenue of $8.21B. Earnings per share were $1.23. Analysts had estimated an EPS of $1.18.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, Linda P Jojo (EVP and CIO) purchased 2,500 shares at $48.77 per share price.Also, On Apr 29, 2016, James E Compton (Vice Chair & Chief Rev Officer) purchased 2,000 shares at $48.91 per share price.On Apr 29, 2016, Barney Harford (director) purchased 60,000 shares at $49.06 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 Company’s hubs at Newark Liberty International Airport Chicago O’Hare 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.

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