Auckland Airport Has Edge Over Transurban In Infrastructure Stocks -- Market Talk

Dow Jones

Nov 21, 2025

2221 GMT - Auckland International Airport has the edge over Australia-listed tollroad owner Transurban for investors seeking to invest in local infrastructure stocks, according to Jefferies. Auckland Airport is trading on an enterprise value-to-Ebitda multiple of 19.8x. That's below Transurban's multiple of 21.5x. "The inverse correlation with interest rates suggests potential for multiple expansion as monetary policy eases, and passenger growth returns," analyst Amit Kanwatia says. Jefferies has a hold call on Auckland Airport, and raises its price target by 7.6% to NZ$8.50/share. Auckland Airport is down 0.6% at NZ$7.75 today. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 20, 2025 17:22 ET (22:22 GMT)

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Auckland Airport is trading on an enterprise value-to-Ebitda multiple of 19.8x. That's below Transurban's multiple of 21.5x. \"The inverse correlation with interest rates suggests potential for multiple expansion as monetary policy eases, and passenger growth returns,\" analyst Amit Kanwatia says. Jefferies has a hold call on Auckland Airport, and raises its price target by 7.6% to NZ$8.50/share. Auckland Airport is down 0.6% at NZ$7.75 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2025 17:22 ET (22:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Auckland Airport Has Edge Over Transurban In Infrastructure Stocks -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAuckland Airport Has Edge Over Transurban In Infrastructure Stocks -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-21 06:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2221 GMT - Auckland International Airport has the edge over Australia-listed tollroad owner Transurban for investors seeking to invest in local infrastructure stocks, according to Jefferies. Auckland Airport is trading on an enterprise value-to-Ebitda multiple of 19.8x. That's below Transurban's multiple of 21.5x. \"The inverse correlation with interest rates suggests potential for multiple expansion as monetary policy eases, and passenger growth returns,\" analyst Amit Kanwatia says. Jefferies has a hold call on Auckland Airport, and raises its price target by 7.6% to NZ$8.50/share. Auckland Airport is down 0.6% at NZ$7.75 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2025 17:22 ET (22:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AIA.NZ","symbol_name":"Auckland International Airport Limited Ordinary Shares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2585163964","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2585163964","pubTimestamp":1763677320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2221 GMT - Auckland International Airport has the edge over Australia-listed tollroad owner Transurban for investors seeking to invest in local infrastructure stocks, according to Jefferies. Auckland Airport is trading on an enterprise value-to-Ebitda multiple of 19.8x. That's below Transurban's multiple of 21.5x. \"The inverse correlation with interest rates suggests potential for multiple expansion as monetary policy eases, and passenger growth returns,\" analyst Amit Kanwatia says. Jefferies has a hold call on Auckland Airport, and raises its price target by 7.6% to NZ$8.50/share. Auckland Airport is down 0.6% at NZ$7.75 today. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AIA.NZ":"Auckland International Airport Limited Ordinary Shares","TCL.AU":"TRANSURBAN GROUP","BK8045":"机场服务","BK7090":"公路与铁路","BK7102":"机场服务","AIA.AU":"AUCKLAND INTL AIRPORT LTD"},"translate_title":"奥克兰机场在基础设施股方面比Transurban更具优势——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCL.AU":0.9,"AIA.AU":0.9,"AIA.NZ":1.5},"content_text":"2221 GMT - Auckland International Airport has the edge over Australia-listed tollroad owner Transurban for investors seeking to invest in local infrastructure stocks, according to Jefferies. Auckland Airport is trading on an enterprise value-to-Ebitda multiple of 19.8x. That's below Transurban's multiple of 21.5x. \"The inverse correlation with interest rates suggests potential for multiple expansion as monetary policy eases, and passenger growth returns,\" analyst Amit Kanwatia says. Jefferies has a hold call on Auckland Airport, and raises its price target by 7.6% to NZ$8.50/share. Auckland Airport is down 0.6% at NZ$7.75 today. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2025 17:22 ET (22:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}