Mcadoo wrote, “We are maintaining our In-Line rating, but decreasing our one-year price target on shares of UAL to $65 from $75. Recent operating guidance suggests that, despite being approximately midway through its cost cutting plan, UAL operating margins are likely to continue to lag legacy peers, thus our In-Line rating. In addition, similar to many other airlines, we expect shares to trade largely consistent with management commentary regarding PRASM trends rather than record profits and margins. We expect these trends to turn more positive for United, and the broader industry as we move into 2016. In the meantime, management is taking advantage of significantly lower jet fuel costs. These fuel cost savings are expected to be used to further deleverage the balance sheet and return capital to shareholders, similar to other carriers in the sector.”
United Continental has an analyst consensus of Hold, with a price target consensus of $70.
The company has a one year high of $74.52 and a one year low of $39.46. Currently, United Continental has an average volume of 5.99M.
Financial bloggers on sites such as SeekingAlpha, wsobserver.com and others, seem to have a Positive view on UAL. When evaluating the opinions of financial bloggers over the last 3 months, 95% of bloggers have indicated a Bullish sentiment, while 5% have indicated a Bearish sentiment.
Unlike Imperial Capital`s latest rating, based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2014, James Compton, a the Vice Chair & Chief Rev Officer of UAL sold 38,094 shares for a total of $2,510,014.
According to TipRanks.com, McAdoo is a top 100 analyst with an average return of22.5% and a 64.8% success rate. McAdoo covers the Services sector, focusing on stocks such as Allegiant Travel Company, Air Transport Services, and Ryanair Holdings Plc.
United Continental Holdings Inc transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations.