United Continental Holdings Inc (UAL) Receives $99.47 Consensus Price Target from Analysts

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United Continental Holdings Inc (NYSE:UAL) has been assigned a consensus rating of “Buy” from the eighteen analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $99.47.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Thursday, December 13th. Stephens raised shares of United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 price objective for the company in a research report on Thursday, October 18th. Imperial Capital increased their price objective on shares of United Continental from $101.00 to $110.00 and gave the company an “in-line” rating in a research report on Tuesday, December 4th. Macquarie raised shares of United Continental from a “neutral” rating to an “outperform” rating and set a $102.00 price objective for the company in a research report on Thursday, October 18th. Finally, JPMorgan Chase & Co. lowered shares of United Continental from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $98.00 to $95.00 in a research report on Tuesday, October 30th.

Shares of United Continental stock opened at $80.07 on Friday. United Continental has a 52 week low of $60.44 and a 52 week high of $97.85.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.95 billion. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.22 earnings per share.

In other United Continental news, Director Edward Shapiro purchased 30,000 shares of United Continental stock in a transaction on Thursday, December 6th. The stock was bought at an average cost of $92.57 per share, with a total value of $2,777,100.00. Following the transaction, the director now owns 152,707 shares of the company’s stock, valued at approximately $14,136,086.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.32% of the company’s stock.

Large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in shares of United Continental during the 3rd quarter valued at approximately $111,000. Parallel Advisors LLC increased its holdings in shares of United Continental by 107.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 703 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of United Continental during the 2nd quarter valued at approximately $102,000. Ibex Investors LLC purchased a new position in shares of United Continental during the 3rd quarter valued at approximately $205,000. Finally, IFM Investors Pty Ltd purchased a new position in shares of United Continental during the 3rd quarter valued at approximately $217,000. 95.21% of the stock is owned by hedge funds and other institutional investors.

About United Continental

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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Analyst Recommendations for United Continental (NYSE:UAL)

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