United Continental Holdings Rating Increased to Buy at TheStreet (UAL)
A number of other analysts have also recently weighed in on UAL. Analysts at JPMorgan Chase & Co. upgraded shares of United Continental Holdings from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 30th. They now have a $60.50 price target on the stock, up previously from $43.50. Separately, analysts at Barclays raised their price target on shares of United Continental Holdings from $46.00 to $48.00 in a research note on Monday, July 28th. They now have an “underweight” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of United Continental Holdings in a research note on Friday, July 25th. They now have a $55.00 price target on the stock, up previously from $50.00. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $51.33.
United Continental Holdings (NYSE:UAL) traded up 0.37% on Wednesday, hitting $48.40. 1,357,475 shares of the company’s stock traded hands. United Continental Holdings has a one year low of $27.41 and a one year high of $49.52. The stock has a 50-day moving average of $45.31 and a 200-day moving average of $44.13. The company has a market cap of $18.081 billion and a price-to-earnings ratio of 27.60.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Thursday, July 24th. The company reported $2.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.16 by $0.18. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.31 billion. During the same quarter last year, the company posted $1.35 earnings per share. United Continental Holdings’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that United Continental Holdings will post $4.52 earnings per share for the current fiscal year.
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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