United Continental (NASDAQ:UAL) Target Raised by Goldman Sachs Group Inc to $61.00

0
41
Down trend stock market graph. Candle stick chart showing economic recession. Decreasing price graph. Bear stock market. Financial crisis in stock market. Market fall down after hit by bad news. Down trend.

United Continental stock has undergone multiple analysts rating changes in the recent past.  United Continental stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $61.00. The analysts previously had $40.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 85.47% from the stock’s previous close.

Shares of United Continental traded up $0.83 on Monday, reaching $33.72. 22535547 shares of the stock traded hands, compared to its average volume of 77381875. Shares of were trading at $33.72 on Monday. The firm’s 50 day moving average is $$30.48 and its 200 day moving average is $63.83.United Continental  has a 12 month low of $31.81 and a 12 month high of $96.03. While on yearly highs and lows, United Continental today has traded high as $34.18 and has touched $31.81 on the downward trend.

United Continental Earnings and What to expect: 

United Continental last issued its quarterly earnings results on April 30th, 2020. The transportation company reported ($2.57) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.36) by $0.79. The company had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.21 billion. Its quarterly revenue was down 16.8% on a year-over-year basis. United Continental has generated $12.05 earnings per share over the last year and currently has a price-to-earnings ratio of 8.9. United Continental has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, July 21st, 2020 based off prior year’s report dates.

Earnings for United Continental are expected to grow in the coming year, from ($21.09) to $0.56 per share. The P/E ratio of United Continental is 8.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.99. The P/E ratio of United Continental is 8.94, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.78. United Continental has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.40%
  • On 11/27/2019 Director Carolyn Corvi Sell 1,013 at average share price of $91.63 which equates to $92,821.19 in money value.
  • On 10/28/2019 Director Carolyn Corvi Sell 1,016 at average price of  $91.83 with total value of : Not Data Available
  • On 9/27/2019 Director Carolyn Corvi Sell 1,024 at average price of  $88.85 with total value of : $90,982.40
  • See More Analyst Rating at: RATING

Other Analyst’s rating for United Continental

  • 6/17/2020 – United Continental is now covered by analysts at Seaport Global Securities. They set a “buy” rating and a $56.00 price target on the stock.
  • 6/15/2020 – United Continental had its price target raised by analysts at Citigroup Inc from $38.00 to $47.00. They now have a “buy” rating on the stock.
  • 6/12/2020 – United Continental was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating. They now have a $41.00 price target on the stock.
  • 6/10/2020 – United Continental was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $43.00 price target on the stock, down previously from $45.00.
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Shopify had its price target raised by analysts at Goldman Sachs Group Inc from $786.00 to $1,127.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – SkyWest had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $53.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Spirit Airlines had its price target raised by analysts at Goldman Sachs Group Inc from $15.00 to $20.00. They now have a “conviction-buy” rating on the stock.
  • 6/29/2020 – JetBlue Airways had its price target raised by analysts at Goldman Sachs Group Inc from $12.00 to $17.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

United Continental (NASDAQ:UAL) Moving Average Technical Analysis

5 day Moving Average is $$34.02 And 5 day price change is -$3.18 (-8.70%)  with average volume for 5 day average is 52,205,750. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $37.62 and 20 day price change is $3.90 (13.24%) and average 20 day moving volume is 80,791,664. 50 day moving average is $30.48  and 50 day price change is $4.28 ( 14.72%)  and with average volume for 50 days is : 65,055,469. 200 day moving average is $63.83  and 200 day price change is -$56.02 (-62.68%)  and with average volume for 200 days is : 22,600,900.

See More Analyst Rating at: RATING