easyJet (LON:EZJ) Trading Up 14.1% – Should You Buy?

easyJet plc (LON:EZJ)’s stock price was up 14.1% during trading on Friday . The stock traded as high as GBX 680 and last traded at GBX 671.31. Approximately 34,511,566 shares changed hands during trading, a decline of 10% from the average daily volume of 38,485,496 shares. The stock had previously closed at GBX 588.20.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EZJ shares. JPMorgan Chase & Co. raised their price objective on easyJet from GBX 340 to GBX 360 and gave the company an “underweight” rating in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 340 target price on shares of easyJet in a report on Tuesday, June 2nd. UBS Group reissued a “buy” rating and set a GBX 635 price target on shares of easyJet in a research report on Monday, May 18th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 600 price target on shares of easyJet in a research note on Monday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 579.29.

easyJet Trading Up 14.1%

The stock has a market cap of £5.02 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.59 and a beta of 1.70. The business’s 50 day simple moving average is GBX 455.48 and its 200 day simple moving average is GBX 444.29. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36.

easyJet (LON:EZJ) last issued its earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The firm had revenue of GBX 395 million during the quarter. On average, research analysts expect that easyJet plc will post 67.3369565 EPS for the current fiscal year.

easyJet Company Profile

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.