Imperial Capital Increases United Continental Holdings Price Target to $49.00 (UAL)
Research analysts at Imperial Capital raised their price objective on shares of United Continental Holdings (NYSE:UAL) from $42.00 to $49.00 in a report released on Friday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target would indicate a potential upside of 11.87% from the company’s current price.
United Continental Holdings (NYSE:UAL) traded up 2.92% during mid-day trading on Friday, hitting $45.08. The stock had a trading volume of 12,176,888 shares. United Continental Holdings has a one year low of $23.62 and a one year high of $46.19. The stock has a 50-day moving average of $38.20 and a 200-day moving average of $33.78. The company’s market cap is $16.313 billion.
United Continental Holdings (NYSE:UAL) last released its earnings data 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 in the prior year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts predict that United Continental Holdings will post $2.43 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Atlantic Securities initiated coverage on shares of United Continental Holdings in a research note to investors on Wednesday. They set an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of United Continental Holdings from $41.00 to $44.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG initiated coverage on shares of United Continental Holdings in a research note to investors on Wednesday, December 18th. They set a “neutral” rating and a $41.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.25.
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).
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.