Why United Continental Holdings, Inc. (NYSE:UAL) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $59.00 on United Continental Holdings, Inc. (NYSE:UAL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $7.99 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of United Continental Holdings, Inc. (NYSE:UAL) stands at 2.78.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For United Continental Holdings, the PEG ratio for coming 3-5 years is -0.35.

Technical Analysis

The technical analysis highlights that United Continental Holdings current is trading $3.45 points away or +7.26% from its 50-day moving average of $47.44. Further it is trading $1.53 or +3.10% away its 200-day moving average of $49.36.

The 52-week high of United Continental Holdings, Inc. (NYSE:UAL) was $62.21 while lowest point recorded in 52-week was $37.41. It implies if stock price makes a movement of over $-11.32, it will record a new 52-week high. In the case of +36.03% drop, it will touch a new 52-week low.

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