Qantas Airways
Stock Code
Stock Exchange
Qantas Airways Limited (QAN) is an airline company engaged in the operation of both domestic and international air transportation services. QAN also provides time definite freight services, sells domestic and international holiday tours and other related services like catering, flight training, ground and passenger handling, maintenance and engineering. QAN was listed on the Australian Stock Exchange on the 31st of July 1995. Its average annual revenue reaches approximately $15 billion out of its issued capital of approximately $3 billion.
Qantas Airways (QAN) has a $4.30 share price target from Australian stock analyst Macquarie Research Equities.
Qantas Airways (QAN) Starts taking the necessary steps
Shows management’s flexibility:
Qantas today lost its credit ratings by Standard and Poor's as it announced its drastic steps of cutting down jobs as well as its services. Qantas shall soon be limiting its flight services on less frequent routes.
According the Standard and Poor's, credit ratings for Qantas stood negative as it feared that the escalating fuel costs shall affect company’s earnings and also have its impact on the cash inflow.
Qantas Airways (QAN) has a $4.29 share price target and has represented upside of over 20% from Australian stockmarket analysts from Citi.
Qantas Airways (QAN): Fuel Cost Up, Value Remains
Qantas Airways (QAN) has a reported rumour published in the Australian Financial Review (AFR) that it is a potential take-over target and that QAn has granted a private equity firm one month's exclusive due diligence. Qantas describes the article as pure speculation. MRE have noted that if there will be a buyer, they will need to be domestic: " QAN has foreign ownership restrictions, namely: i) max 49% aggregate foreign ownership (currently 44%), ii) max 35% foreign airline ownership (MRE understand Nil currently) and iii) max 25% ownership by one foreign person.
UBS has a Neutral 2 stock recommendation for the Qantas Airways (QAN) stock with a share price target of $3.80. In the stock analysts' opinion, the positive sentiment for the airline is likely to continue considering the recent downturn in their stock price having touched recent lows of around $3. In line with recent falling oil prices, UBS thinks that Qantas is getting a double benefit: both fro the oil price movement and "buoyant revenue".
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