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
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.
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.
