Investors Buy Shares of United Continental (UAL) on Weakness
Traders bought shares of United Continental Holdings Inc (NYSE:UAL) on weakness during trading on Wednesday. $164.68 million flowed into the stock on the tick-up and $86.07 million flowed out of the stock on the tick-down, for a money net flow of $78.61 million into the stock. Of all companies tracked, United Continental had the 14th highest net in-flow for the day. United Continental traded down ($4.52) for the day and closed at $91.94
A number of analysts have recently weighed in on UAL shares. Buckingham Research set a $108.00 price objective on United Continental and gave the stock a “buy” rating in a research report on Friday, September 7th. Macquarie lowered United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a research report on Tuesday, September 18th. They noted that the move was a valuation call. Morgan Stanley set a $92.00 price objective on United Continental and gave the stock a “hold” rating in a research report on Tuesday, September 18th. Imperial Capital upped their price objective on United Continental from $85.00 to $96.00 and gave the stock an “in-line” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised United Continental from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Monday, October 1st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $103.75.
United Continental (NYSE:UAL) last posted its earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion during the quarter, compared to analysts’ expectations of $10.95 billion. United Continental’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 earnings per share.
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About United Continental (NYSE:UAL)
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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