United Airlines’ acting CEO aims to reassure investors amid strong results

United Continental Holdings (NYSE:UAL)’s stock had its “buy” rating reaffirmed by equities research analysts at Buckingham Research in a research note issued to investors on Saturday, Market Beat reports. Buckingham Research now has a $98.00 price objective on the stock. Another research firm, UBS, reiterated their buy stance on October 14, with a target price of $79, which translates into an upside of 41.15%.

After reaching a tentative contract with its mechanics, United Continental Holdings Inc., is on the doorsteps of ending a standoff with the union for almost three years now. The forecast surprised analysts who expected higher costs would keep margins lower. The stock now trades above all important daily moving averages. The Commercial Aircraft Manufacturing Company and Norwegian have finalized an order for 19 787-9 Dreamliners valued at more than $5 billion at current list prices.

Those figures exclude a nonrecurring $3.2 billion non-cash gain associated with the reversal of the company’s income tax valuation allowance and a similar $4 million gain in the 2014 September quarter. The company’s revenue was down -2.4% compared to the same quarter past year.

Adjusted earnings were $0.94 per share, compared to $0.55 per share a year ago.

UAL has been the subject of a number of other reports. The ratio is positive, as 74 funds sold all United Continental Holdings Inc shares owned while 145 reduced positions. Former CEO Jeff Smisek was ousted in early September after an internal company investigation into dealings with the Port Authority of New York and New Jersey, which operates Newark airport, a United hub. CRT Capital raised United Continental Holdings from a fair value rating to a buy rating and set a $70.00 price objective on the stock in a report on Monday, July 6th.

10/9/2015 – United Continental Holdings had its “top pick” rating reaffirmed by analysts at Credit Suisse. Two experts have evaluated the stock with a hold rating, eighteen have awarded a buy rating and two have allocated a strong buy rating to the company.

M. This represents a -1.079% difference between analyst expectations and the United Continental Holdings Incorporated achieved in its quarterly earnings.

United Continental has hit another rough patch. (NYSE:UAL) is a holding company and its principal wholly owned subsidiary is United Air Lines, Inc. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The airline still has to reach a deal with its flight attendants, who are divided among those who started with pre-merger UAL Corp. and Continental Airlines. It has contractual relationships using a variety of regional carriers to provide regional jet and turboprop service branded as United Express.