Traders bought shares of United Continental Holdings Inc (NYSE:UAL) on weakness during trading hours on Friday. $150.86 million flowed into the stock on the tick-up and $46.64 million flowed out of the stock on the tick-down, for a money net flow of $104.22 million into the stock. Of all companies tracked, United Continental had the 15th highest net in-flow for the day. United Continental traded down ($0.21) for the day and closed at $92.35
UAL has been the subject of a number of research reports. Bank of America increased their target price on United Continental from $94.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Macquarie raised United Continental from a “neutral” rating to an “outperform” rating and set a $64.00 target price for the company in a research note on Thursday, July 19th. Morgan Stanley lowered their target price on United Continental from $77.00 to $76.00 and set an “equal weight” rating for the company in a research note on Thursday, July 12th. Stephens raised United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 target price for the company in a research note on Thursday, October 18th. Finally, Imperial Capital increased their target price on United Continental from $91.00 to $101.00 and gave the stock an “inline” rating in a research note on Thursday, October 18th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $100.38.
United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.01). The business had revenue of $11 billion during the quarter, compared to analysts’ expectations of $10.95 billion. During the same period in the prior year, the business posted $2.22 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis.
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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