Price Target Update on United Continental Holdings (NYSE:UAL)

United Continental Holdings (NYSE:UAL) : 10 investment research analysts covering United Continental Holdings (NYSE:UAL) have an average price target of $64 for the near short term. The highest target price given by the Brokerage Firm to the stock is $79 and the lowest target is $52 for the short term. Analysts expect the variance to be within $9.83 of the average price.

Other Equity analysts have also commented on the company shares. Brokerage firm Morgan Stanley maintains its rating on United Continental Holdings (NYSE:UAL). As per the latest information, the brokerage house lowers the price target to $58 per share from a prior target of $67. The shares have been rated Overweight. The rating by the firm was issued on April 28, 2016.

United Continental Holdings (NYSE:UAL): stock turned positive on Thursday. Though the stock opened at $45.75, the bulls momentum made the stock top out at $45.915 level for the day. The stock recorded a low of $44.46 and closed the trading day at $45.17, in the green by 0.18%. The total traded volume for the day was 4,914,054. The stock had closed at $45.09 in the previous days trading.

The company shares have dropped -17.93% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $62.21 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $44.72 and the 200 Day Moving Average price is recorded at $51.62. On the companys insider trading activities, Jojo Linda P, officer (EVP and CIO) of United Continental Holdings, Inc., had purchased 2,500 shares on April 28, 2016. The total value of the transaction was $121,925. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

United Continental Holdings, Inc. (UAL) is a holding company and its principal wholly owned subsidiary is United Air Lines, Inc. (United). The Company transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates an average of 5,055 flights a day to 373 airports across six continents from the Companys hubs at Newark Liberty International Airport, Chicago OHare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport. It has contractual relationships with a range of regional carriers to provide regional jet and turboprop service branded as United Express.

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