United Continental Holdings Inc (UAL) Receives $99.47 Consensus Target Price from Analysts
Shares of United Continental Holdings Inc (NYSE:UAL) have been given an average recommendation of “Buy” by the eighteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $99.47.
UAL has been the subject of several recent research reports. Buckingham Research boosted their target price on shares of United Continental from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Citigroup upped their price target on shares of United Continental from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Deutsche Bank upgraded shares of United Continental from a “hold” rating to a “buy” rating and upped their price target for the stock from $91.00 to $100.00 in a research report on Wednesday, October 17th. Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Monday, October 1st. Finally, Bank of America upped their price target on shares of United Continental from $94.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, October 10th.
In related news, Director Edward Shapiro bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average price of $92.57 per share, for a total transaction of $2,777,100.00. Following the completion of the transaction, the director now owns 152,707 shares in the company, valued at $14,136,086.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.
UAL opened at $80.07 on Friday. United Continental has a twelve month low of $60.44 and a twelve month high of $97.85.
United Continental (NYSE:UAL) last announced its earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion for the quarter, compared to the consensus estimate of $10.95 billion. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $2.22 EPS.
United Continental Company Profile
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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