United Continental Holdings Rating Reiterated by Zacks (UAL)
United Continental Holdings (NYSE:UAL)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Friday, StockRatingsNetwork.com reports. They currently have a $33.00 price target on the stock. Zacks‘ price target would suggest a potential upside of 5.43% from the company’s current price.
Zacks‘ analyst wrote, “United Continental’s third quarter earnings missed the Zacks Consensus Estimate but improved on a year over year basis. Revenues were up year over year but were below our expectation. The performance was buoyed by consistent progress in customer service, enhancement of operations and aggressive promotional activities. For the balance of the year, we expect the company to sustain superior level of activities owing to revamped fleets, expansion of network and cost-saving measures. However, risk factors such as fuel price instability, high non-fuel expenses, stiff competition and sluggish economic conditions will likely continue to weigh on the stock.”
Shares of United Continental Holdings (NYSE:UAL) traded up 1.33% during mid-day trading on Friday, hitting $31.715. The stock had a trading volume of 5,372,346 shares. United Continental Holdings has a 52-week low of $27.32 and a 52-week high of $36.74. The stock has a 50-day moving average of $31.66 and a 200-day moving average of $31.63. The company’s market cap is $11.287 billion. United Continental Holdings also was the recipient of unusually large options trading on Thursday. Stock investors purchased 17,483 put options on the stock. This is an increase of approximately 257% compared to the typical volume of 4,899 put options.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Thursday, October 24th. The company reported $1.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.60 by $0.09. The company had revenue of $10.20 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter last year, the company posted $1.35 earnings per share. United Continental Holdings’s revenue was up 3.2% compared to the same quarter last year.
A number of other firms have also recently commented on UAL. Analysts at Buckingham Research upgraded shares of United Continental Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at JPMorgan Chase & Co. downgraded shares of United Continental Holdings from a “neutral” rating to an “underweight” rating in a research note to investors on Friday. They now have a $25.00 price target on the stock, down previously from $32.50. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. United Continental Holdings presently has an average rating of “Hold” and an average target price of $33.79.
United Continental Holdings, Inc (NYSE:UAL) is a holding company and its principal, wholly owned subsidiaries are United Air Lines, Inc (United) and Continental Airlines, Inc (Continental).
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.