The Sky Is Clearing For Flight Centre

After getting some bad press about excessive pricing, shares of Flight Centre have slid over 25% lower during the last 6 weeks and reached an 8-month low of $50.25 last Thursday.

Our ALGO engine triggered a buy signal last week and the internal momentum indicators are reflecting an oversold reading.

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At the current price, FLT shares are trading at just under 16X forward earnings and the company has announced they will retain their $3.20 FY2019 annual dividend.

As such, we see good investor value in the stock with an initial upside target of $65.15.

Flight Centre

 

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