Transferring Coverage of No-Moat Air New Zealand; Fair Value Estimate Unchanged
After transferring coverage to a new analyst, we are maintaining our no-moat and high uncertainty rating for Air New Zealand, reflecting the notoriously volatile and highly competitive nature of the airline industry. Our NZD 2.60 per share fair value estimate (or AUD 2.50 at the current exchange rate) also remains intact.In light of the relatively weak near-term outlook for oil prices, and the stronger New Zealand dollar relative to the U.S. dollar, we have trimmed our near-term fuel cost estim...
Air New Zealand is engaged in the transportation of passengers and cargo on an integrated network of scheduled airline services to, from and within New Zealand. Through its subsidiaries, Co. is also engaged in aviation, aircraft leasing and financing, investments, and engineering services. Co.'s geographical segments are New Zealand, Australia and Pacific Islands, United Kingdom and Europe, Asia, and America.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.