United Continental Holdings Given New $50.00 Price Target at Cowen and Company (UAL)
Investment analysts at Cowen and Company lowered their price objective on shares of United Continental Holdings (NYSE:UAL) from $56.00 to $50.00 in a note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target suggests a potential upside of 26.87% from the stock’s previous close.
Shares of United Continental Holdings (NYSE:UAL) traded down 5.10% on Friday, hitting $39.41. The stock had a trading volume of 13,221,276 shares. United Continental Holdings has a 1-year low of $27.32 and a 1-year high of $49.20. The stock’s 50-day moving average is $44.42 and its 200-day moving average is $40.70. The company has a market cap of $14.643 billion and a price-to-earnings ratio of 27.21. United Continental Holdings also was the target of some unusual options trading activity on Thursday. Stock investors acquired 27,709 call options on the stock. This is an increase of approximately 249% compared to the average volume of 7,942 call options.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($1.33) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.35) by $0.02. The company had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the prior year, the company posted ($0.98) earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts predict that United Continental Holdings will post $4.07 earnings per share for the current fiscal year.
UAL has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of United Continental Holdings from $50.00 to $46.00 in a research note on Thursday, April 17th. They now have an “underweight” rating on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of United Continental Holdings from $60.00 to $59.00 in a research note on Monday, April 7th. Finally, analysts at UBS AG upgraded shares of United Continental Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 1st. They now have a $50.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. United Continental Holdings currently has a consensus rating of “Buy” and a consensus target price of $49.00.
In other United Continental Holdings news, VP Irene E. Foxhall unloaded 8,188 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $47.00, for a total value of $384,836.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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