TAV Airports: Rising Profits Supports Bullish Price Target
Source: SeekingAlpha
2025-02-21 03:22:49 ET
Summary
- TAV Airports Holding gained 10% due to increased air travel demand and reduced CapEx at key airports, positioning for future growth.
- In 2024, revenues grew 27% to €1.66 billion, driven by accounting changes, new consolidations, and 11% passenger growth, despite rising operating expenses.
- Risks include macroeconomic factors, Middle East turmoil, and currency fluctuations, but completed CapEx projects and realistic guidance bolster the investment case.
- Increased price target to $41.19, supported by strong 2024 performance, future EBITDA growth, and strategic investments in airport infrastructure.
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TAV Airports: Rising Profits Supports Bullish Price Target
TAV Havalimalari Holding AS ADR
NASDAQ: TAVHY
TAVHY Trading
-1.59% G/L:
$27.15 Last:
3,171 Volume:
$27.12 Open:
