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Are Analysts Bullish on United Continental ahead of the 3Q16 Earnings?

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Nov. 20 2020, Updated 5:06 p.m. ET

Analyst recommendations

According to Bloomberg consensus, 75% of the analysts (12 out of 16) tracking United Continental Holdings (UAL) have issued a “buy” recommendation on the stock. Four analysts, or 25%, have issued a “hold” rating on the stock, while none has issued a “sell” rating.

There have been no recent upgrades or downgrades on UAL in the past quarter. Most analysts have, however, reduced their target prices.

It’s important to be aware of analyst recommendations, as they can significantly affect a company’s stock price. Changes in a popular analyst’s view can cause a significant short-term movement.

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Target price  

The stock’s consensus 12-month target price is $58.72, as compared to $63.62 at the end of 2Q16. The current target price indicates a 9.1% return potential as of October 5, 2016. WhiteSand Research has the highest target price of $72, followed by Joseph DeNardi of Stifel with a target price of $70.00. Julie Yates from Credit Suisse and Jack Atkins from Stephens have the UAL lowest target prices of $47 and $55, respectively.

Series overview

United Continental (UAL) is expected to announce its third quarter earnings for 2016 on October 20, 2016. UAL makes up 2.7% of the PowerShares Dynamic Market Portfolio (PWC).

In this series, we’ll look at what investors can expect for 3Q16 and also for the full year 2016. We’ll also discuss key indicators that investors should monitor.

For a pre-earnings analysis of Delta Air Lines, check out Market Realist’s What Can Investors Expect from Delta Air Lines’s 3Q16 Earnings? We’ll also be doing pre-earnings analyses of American Airlines (AAL), Alaska Air Group (ALK), Southwest Airlines (LUV), and JetBlue (JBLU)

Let’s move now to United Continental’s revenue estimates for the coming year.

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