In a report released today, Duane Pfennigwerth from Evercore ISI maintained a Hold rating on United Airlines Holdings (UAL – Research Report), with a price target of $48.00. The company’s shares closed last Wednesday at $39.42.
According to TipRanks.com, Pfennigwerth is a 1-star analyst with an average return of -5.4% and a 27.3% success rate. Pfennigwerth covers the Industrial Goods sector, focusing on stocks such as Controladora Vuela Compania de Aviacion SAB de CV, Sun Country Airlines Holdings, and Allegiant Travel Company.
The word on The Street in general, suggests a Hold analyst consensus rating for United Airlines Holdings with a $52.79 average price target, a 35.1% upside from current levels. In a report issued on March 14, Jefferies also maintained a Hold rating on the stock with a $35.00 price target.
Based on United Airlines Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.19 billion and GAAP net loss of $646 million. In comparison, last year the company earned revenue of $3.41 billion and had a GAAP net loss of $1.9 billion.
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UAL Corp. provides air transportation services through it’s subsidiary, United Airlines, Inc., in North America, the Pacific, the Atlantic and Latin America. It offers transportation of passengers and cargo. The company operates 3,400 flights and 200 United States domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington. The company was founded in 1934 and is headquartered in Chicago, IL.
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