United Continental Holdings (NYSE:UAL)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Friday, American Banking & Market News reports. They currently have a $33.00 target price on the stock. Zacks‘ price target indicates a potential upside of 5.43% from the stock’s previous close.
Zacks‘ analyst wrote, “United Continental’s third quarter earnings missed the Zacks Consensus Estimate but improved on a year over year basis. Revenues were up year over year but were below our expectation. The performance was buoyed by consistent progress in customer service, enhancement of operations and aggressive promotional activities. For the balance of the year, we expect the company to sustain superior level of activities owing to revamped fleets, expansion of network and cost-saving measures. However, risk factors such as fuel price instability, high non-fuel expenses, stiff competition and sluggish economic conditions will likely continue to weigh on the stock.”
A number of other analysts have also recently weighed in on UAL. Analysts at Buckingham Research upgraded shares of United Continental Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at JPMorgan Chase & Co. downgraded shares of United Continental Holdings from a “neutral” rating to an “underweight” rating in a research note to investors on Friday. They now have a $25.00 price target on the stock, down previously from $32.50. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.79.
Shares of United Continental Holdings (NYSE:UAL) traded up 0.93% on Friday, hitting $31.59. The stock had a trading volume of 5,774,278 shares. United Continental Holdings has a 52-week low of $27.32 and a 52-week high of $36.74. The stock’s 50-day moving average is $31.66 and its 200-day moving average is $31.63. The company’s market cap is $11.243 billion. United Continental Holdings also saw unusually large options trading activity on Thursday. Traders bought 17,483 put options on the stock. This is an increase of approximately 257% compared to the average volume of 4,899 put options.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis.
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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