United Continental Holdings Inc Earnings estimates 2012

United Continental Holdings Inc Earnings estimates 2012 : United Continental Holdings Inc., (UAL) shares are trading at $15.53. United is a major global airline. The 50-day moving average is $19.19 and the 200-day moving average is $21.43. The shares have traded in a range between $15.51 to $29.06 in the past 52 weeks. UAL is estimated to earn about $3.71 per share in 2011 and $5.25 in 2012. This puts the P/E ratio at ridiculously low levels, just about 4 times 2011 earnings, and less than 3 times earnings for 2012.

Book value is listed at $6.99 per share. Higher oil prices and economic concerns have been impacting airline stocks, but this appears to be an overreaction based on emotion rather than the fundamentals, like earnings. If United earned even half of what the estimates are, the stock would still be cheap. Barclays has set a $33 price target for UAL shares and Maxim Group has a $28 target, For the latest updates on the stock market, visit Stock Market Today

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