easyJet (LON:EZJ) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

easyJet plc (LON:EZJ) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 436.08 and traded as high as GBX 487.60. easyJet shares last traded at GBX 475.81, with a volume of 437,594,688 shares.

Analysts Set New Price Targets

EZJ has been the topic of several research reports. UBS Group reissued a “buy” rating and set a GBX 635 target price on shares of easyJet in a research note on Monday, May 18th. JPMorgan Chase & Co. decreased their target price on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 target price on shares of easyJet in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 405 target price on shares of easyJet in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 550.

easyJet Trading Up 0.9%

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 stock has a market cap of £3.58 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 0.59 and a beta of 1.73. The company has a 50 day moving average of GBX 379.88 and a 200-day moving average of GBX 436.08.

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

About easyJet

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.