easyJet plc (LON:EZJ) Given Consensus Rating of “Hold” by Analysts

easyJet plc (LON:EZJ) has been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 579.29.

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

Key Headlines Impacting 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 Price Performance

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 stock has a 50-day moving average of GBX 446.06 and a 200 day moving average of GBX 443.25. The company has a market capitalization of £4.49 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 0.59 and a beta of 1.70. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10.

easyJet (LON:EZJ) last posted 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 company had revenue of GBX 395 million for the quarter. On average, 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.