United Continental (UAL) Gets a Buy Rating from Buckingham
In a report released today, Daniel Mckenzie from Buckingham maintained a Buy rating on United Continental (NYSE: UAL), with a price target of $101. The company’s shares closed yesterday at $81.43.
According to TipRanks.com, Mckenzie is a 4-star analyst with an average return of 6.4% and a 60.9% success rate. Mckenzie covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.
Currently, the analyst consensus on United Continental is a Hold with an average price target of $93.80.
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Based on United Continental’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.78 billion and net profit of $684 million. In comparison, last year the company earned revenue of $9.88 billion and had a net profit of $637 million.
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United Continental Holdings, Inc. engages in the operation of its wholly-owned subsidiary United Airlines, Inc, which offers satellite based Wi-Fi, including on long-haul overseas routes. It operates through the following geographical segments: Domestic (U.S. and Canada); Pacific; Atlantic; and Latin America.