Raymond James Downgrades Rating On United Continental Holdings (UAL)

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United Continental Holdings (NYSE:UAL).

On September 18, 2017 the stock rating was changed to “Neutral” by Buckingham which is down from the previous “” rating. JP Morgan downgraded the stock and raised the price target on September 15 changing the price target from $61.50 to $68.00 and cutting the rating from “Overweight” to “Neutral”.

On September 15 the stock rating was downgraded from “Overweight” to “Neutral” and a price target of $68.00 was set in a report from JP Morgan. August 17 investment analysts at Morgan Stanley left the stock rating at “Equal-Weight” but lowered the price target from $85.00 to $72.00.

On July 20 Morgan Stanley kept the stock rating at “Equal-Weight” but raised the price expectation to $85.00 from $58.00.

The company is trading up by 1.11% percent from yesterday’s close. It is trading at $58.18 barely below $63.57, the 50 day moving average and which is quite a bit below the 200 day moving average of $71.48. The 50 day moving average was down by -8.48% and the 200 day average was down $-13.30.

United Continental Holdings, Inc. (UAL), launched on December 30, 1968, is a holding company and its principal subsidiary is United Air Lines, Inc. (United). The Company 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 flights 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)..

United Continental Holdings’s P/E ratio is 8.04 and the market cap is 17.70B. In the last earnings report the EPS was $7.24 and is estimated to be $6.71 for the current year with 304,225,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.21 with next year’s EPS projected to be $7.43.

Investors are feeling more bearish on shares of United Continental Holdings lately if you take note of the change in short interest. The company saw a rise in short interest of 17.75% between August 15, 2017 and August 31, 2017. Short shares grew from 12,924,578 to 15,218,219 over that timeframe. Days to cover decreased from 4.0 to 4.0 and the percentage of shorted shares was 0.02% on August 31.