Qantas Trades At A Discount, But I Am Downgrading
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 DowngradingNASDAQ: QUBSF
QUBSF Trading
0.0% G/L:
$6.30 Last:
200 Volume:
$6.30 Open:



