Lufthansa share: Waiting for the DAX
Lufthansa stock can almost be considered a false start to the 2024 stock market year. While the stock has not lost any more value in the past 6 weeks, it is still trading at around 7.50 euros and remains in a sideways trend (as of February 12, 2024, around 4 pm).
For example, the latest quarterly results at the end of October were convincing. However, the crane airline currently lacks the momentum for a breakout. This could come from fresh figures, which are expected in early March, or from a possible return to the DAX.
Lufthansa back in the DAX soon? On March 5, the cards will be reshuffled and Deutsche Börse will announce the ascenders and descenders of the DAX family. It is possible that despite its rather weak performance, Lufthansa’s stock will make a comeback to the DAX. While opinions differ, experts at Deutsche Bank, for example, believe that Lufthansa could replace Zalando.
For Lufthansa shareholders, this would bring new hope, as the stock of the aviation group has been hovering within a narrow range for years. In early 2023, Lufthansa’s stock was trading above the 10 euro mark for the first time since the start of the pandemic – otherwise, the stock has always been below that mark.
Lufthansa stock: What matters now A possible return to the German leading index would certainly be beneficial for Lufthansa’s stock. However, even apart from this topic, the stock is waiting for decisive impulses. The recent strike by ground personnel and many flight cancellations did not help the company – however, the parties are back in negotiations and the strike is not expected to have a medium-term impact.
Investors and analysts are also eagerly awaiting March 7. This is when the aviation group will present its figures for the fourth quarter and the full year of 2023. The outlook for the current year will be of particular interest. For Lufthansa’s stock, it still holds true: There are long-term opportunities for investors, but gains in stock price are not guaranteed even in 2024.
Source: https://aktienscreener.com/