United Continental was Downgraded to a Hold Rating at Standpoint Research

By Jason Carr

Standpoint Research analyst Ronnie Moas downgraded United Continental (NYSE: UAL) to Hold on November 10. The company’s shares closed last Friday at $60.25, close to its 52-week high of $61.60.

According to TipRanks.com, Moas is a top 100 analyst with an average return of 5.4% and a 70.2% success rate. Moas covers the Technology sector, focusing on stocks such as Lexmark International, Nuance Communications, and Ultra Clean Holdings.

United Continental has an analyst consensus of Moderate Buy, with a price target consensus of $59.75.

United Continental’s market cap is currently $19.15B and has a P/E ratio of 7.62. The company has a book value ratio of 2.2697.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UAL in relation to earlier this year.

United Continental Holdings, Inc. engages in the operation of its principal, wholly-owned subsidiaries United Airlines, Inc. The company operates through the following geographical segment: Domestic (U.S. and Canada), Pacific, Atlantic, and Latin America. It offers satellite based Wi-Fi, including on long-haul overseas routes. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.