easyJet plc (LON:EZJ) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of easyJet plc (LON:EZJ) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 579.29.

EZJ has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 340 target price on shares of easyJet in a report on Tuesday, June 2nd. UBS Group restated a “buy” rating and set a GBX 635 target price on shares of easyJet in a research note on Monday, May 18th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 600 price target on shares of easyJet in a research report on Monday.

Trending Headlines about easyJet

Here are the key news stories impacting easyJet this week:

• Positive Sentiment: easyJet supported Castlelake’s sweetened £6.90-a-share takeover terms, signaling that a deal is advancing and increasing the odds of a buyout premium for shareholders. easyJet Supports Proposed £6.90-a-Share Takeover Terms from Castlelake (EZJ)
• Positive Sentiment: Multiple reports said easyJet shares jumped after the airline agreed in principle to Castlelake’s roughly $7.3 billion takeover, reinforcing merger arbitrage buying. easyJet shares jump after airline agrees in principle to Castlelake’s $7.3B takeover
• Positive Sentiment: easyJet’s board was reported to be “minded to accept” the improved offer, suggesting the transaction is nearing a more concrete stage. easyJet board ‘minded to accept’ improved Castlelake takeover offer
• Neutral Sentiment: Royal Bank of Canada reaffirmed its “sector perform” rating and kept a GBX 600 target, offering no fresh catalyst beyond a cautious market view. Broker ratings reference
• Neutral Sentiment: Reuters noted the Castlelake bid still has deal-risk considerations, implying the takeover is not yet guaranteed and could face hurdles before closing. Castlelake offers easyJet no-thrills landing
• Negative Sentiment: If the takeover falters or terms change, the stock could give back some of the recent merger-driven gains, as the current rally is heavily dependent on deal completion.

easyJet Trading Up 0.5%

LON:EZJ opened at GBX 600.57 on Wednesday. easyJet has a one year low of GBX 332.60 and a one year high of GBX 622.26. The business has a fifty day moving average price of GBX 446.06 and a 200-day moving average price of GBX 443.25. The firm has a market capitalization of £4.49 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.59 and a beta of 1.70. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

easyJet (LON:EZJ) last released its earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The company had revenue of GBX 395 million for the quarter. Sell-side analysts forecast that easyJet will post 67.3369565 EPS for the current 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.