United Continental Holdings PT Raised to $56.00 at Cowen and Company (UAL)
Stock analysts at Cowen and Company upped their price objective on shares of United Continental Holdings (NYSE:UAL) from $46.00 to $56.00 in a report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective points to a potential upside of 15.63% from the stock’s previous close.
Shares of United Continental Holdings (NYSE:UAL) traded down 1.53% on Thursday, hitting $48.43. The stock had a trading volume of 11,047,830 shares. United Continental Holdings has a 52 week low of $23.62 and a 52 week high of $49.20. The stock’s 50-day moving average is $40.18 and its 200-day moving average is $34.70. The company’s market cap is $17.525 billion.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Thursday, January 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.20. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter last year, the company posted $1.59 earnings per share. United Continental Holdings’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that United Continental Holdings will post $2.61 earnings per share for the current fiscal year.
A number of other firms have also recently commented on UAL. Analysts at CRT Capital raised their price target on shares of United Continental Holdings from $50.00 to $55.00 in a research note to investors on Tuesday, January 14th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG downgraded shares of United Continental Holdings from a “hold” rating to a “sell” rating in a research note to investors on Friday, January 10th. Finally, analysts at Imperial Capital raised their price target on shares of United Continental Holdings from $42.00 to $49.00 in a research note to investors on Friday, January 10th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.64.
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).
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