easyJet (LON:EZJ) Hits New 12-Month High – Should You Buy?

easyJet plc (LON:EZJ) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 681.80 and last traded at GBX 680.90, with a volume of 26713928 shares changing hands. The stock had previously closed at GBX 675.20.

Analyst Upgrades and Downgrades

EZJ has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on easyJet from GBX 340 to GBX 360 and gave the company an “underweight” rating in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 340 price target on shares of easyJet in a research note on Tuesday, June 2nd. UBS Group reiterated a “buy” rating and issued a GBX 635 price objective on shares of easyJet in a research report on Monday, May 18th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 600 price objective on shares of easyJet in a research note on Monday, July 6th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 579.29.

easyJet Stock Up 0.8%

The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10. The firm has a market capitalization of £5.09 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.59 and a beta of 1.70. The firm has a fifty day moving average price of GBX 467.01 and a 200 day moving average price of GBX 446.09.

easyJet (LON:EZJ) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. The business had revenue of GBX 395 million for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%. As a group, sell-side 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.