Short Term Price Target on United Continental Holdings (UAL)

United Continental Holdings (NYSE:UAL) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $79 and the lowest price target forecast is $52. The average forecast of all the analysts is $64 and the expected standard deviation is $9.83.

United Continental Holdings, Inc. has lost 9.14% in the last five trading days and dropped 9.3% in the last 4 weeks. United Continental Holdings, Inc. has dropped 27.64% during the last 3-month period . Year-to-Date the stock performance stands at -28.38%. Also, Equity Analysts at the Morgan Stanley maintains the rating on United Continental Holdings (NYSE:UAL). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $67 per share to $58 per share. The rating by the firm was issued on April 28, 2016.

United Continental Holdings (NYSE:UAL) : 11 analysts are covering United Continental Holdings (NYSE:UAL) and their average rating on the stock is 1.91, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

United Continental Holdings (NYSE:UAL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.72 and $40.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.04, notching a gain of 1.16% for the day. The total traded volume was 6,052,579 . The stock had closed at $40.57 on the previous day.

In an insider trading activity, Jojo Linda P, officer (EVP and CIO) of United Continental Holdings, Inc., executed a transaction worth $121,925 on April 28, 2016. A total of 2,500 shares were purchased at an average price of $48.77. The Insider information was divulged by the Securities and Exchange Commission 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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