United Continental H

UAL
Real-time BATS EXCHANGE - 05/21 04:00:00 pm
82.97USD
+1.49%

A new test of the support level

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David Meurisse
Contributor / Partner

Strategy published on : 05/14/2019 | 11:41

long trade
Live

Entry price : 82.7816$
Target : 88.9$
Stop-loss : 79.7$
Potential : 7.39%

The fact that share price is returning to the lower bounds of the trading range offers a good timing to enter into new long positions in United Continental Holdings Inc.
Investors have an opportunity to buy the stock and target the $ 88.9.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Historically, the company has been releasing figures that are above expectations.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● Its low valuation, with P/E ratio at 7.55 and 7.05 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

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