Business Coronavirus: Investors look for buys at Wall Street as virus fears crush travel stocks - Business News
pinky barot 145 1721 days ago Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak. The recent declines have brought down the valuations of travel and leisure-related companies to levels some investors believe are attractive. American Airlines Group Inc (AAL.O), for example, now trades at a forward price-to-earnings ratio of 3.3, compared to 5.4 at the start of the year. Marriott International (MAR.O) trades at 17.6 compared to 23.2, while the forward price for Carnival Corp (CCL.N) has fallen to 6.4 times forward earnings from 11.6 at the start of the year.
