Qantas Airways Limited (ASX:QAN), might not be a large cap stock, but it led the ASX gainers with a relatively large price hike in the past couple of weeks. The recent jump in the share price has meant that the company is trading at close to its 52-week high. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, what if the stock is still a bargain? Let’s examine Qantas Airways’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

View our latest analysis for Qantas Airways

What’s The Opportunity In Qantas Airways?

The stock seems fairly valued at the moment according…