Norwegian Air Shuttle: Undervalued Airline Stocks But With High Currency Risk
Source: SeekingAlpha
2025-02-18 07:57:41 ET
Summary
- Norwegian Air Shuttle stock has appreciated 12% since my buy rating in November 2024, outperforming the S&P 500's 5.7% increase.
- Despite strong revenue growth, the company's earnings were negatively impacted by currency losses and higher lease costs due to Boeing delivery delays.
- The price target has been revised from $1.48 to $1.32, reflecting a slight decrease in EBITDA and adjustments in free cash flow projections.
- I maintain a buy rating due to potential 34% upside but note risks from currency fluctuations and increased operational costs.
In November 2024, I covered Norwegian Air Shuttle with a buy rating and the stock has appreciated around 12% since then compared to a 5.7% increase for the S&P 500. While Norwegian Air Shuttle stock did outperform the market we note that over a 1-year period the stock has lost nearly 30% of its value. In this report, I will be discussing the most recent earnings and assess whether the stock remains a buy in my view or not....
Read the full article on Seeking Alpha
For further details see:
Norwegian Air Shuttle: Undervalued Airline Stocks But With High Currency Risk
Norwegian Air Shuttle Asa
NASDAQ: NWARF
NWARF Trading
2.65% G/L:
$1.55 Last:
6,160 Volume:
$1.45 Open:
