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Qantas Trades At A Discount, But I Am Downgrading

Source: SeekingAlpha

2025-02-03 18:10:19 ET

Summary

  • Qantas Airways Limited stock has climbed 29% since my buy rating in September 2024, outperforming the S&P 500's 7.4% return.
  • Qantas updated its domestic unit revenue guidance to 3-5% and reduced capacity growth outlook for both domestic and international markets.
  • The stock is fairly valued with just a 4% upside, factoring in currency fluctuations and revised EBITDA and free cash flow estimates.
  • Due to revised capacity guidance and potential currency risks, I have downgraded QUBSF stock from buy to hold, awaiting stronger H1 2025 results.

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Qantas Trades At A Discount, But I Am Downgrading
Qantas Airways Ltd

NASDAQ: QUBSF

QUBSF Trading

0.0% G/L:

$6.30 Last:

200 Volume:

$6.30 Open:

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QUBSF Latest News

QUBSF Stock Data

$11,976,538,174
1,629,460,976
N/A
N/A
Transportation
Industrials
AU
Mascot

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