Is There Now An Opportunity In Air New Zealand Limited (NZSE:AIR)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
0mins
Should l Buy ?
Source: Yahoo Finance
Current Share Price and Valuation: Air New Zealand's share price has fluctuated between NZ$0.52 and NZ$0.60, currently trading at NZ$0.56, which is below the industry average PE ratio of 8.56x, suggesting it may be undervalued despite a negative earnings growth outlook.
Investment Considerations: Potential investors are advised to conduct further analysis before investing, as the company's high beta indicates increased volatility and risk, particularly with its uncertain future profit prospects.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
