easyJet (LON:EZJ) Shares Up 14.1% – Still a Buy?

Shares of easyJet plc (LON:EZJ) were up 14.1% during trading on Friday . The stock traded as high as GBX 680 and last traded at GBX 671.31. 34,511,566 shares were traded during mid-day trading, a decline of 10% from the average session volume of 38,485,496 shares. The stock had previously closed at GBX 588.20.

Analyst Upgrades and Downgrades

EZJ has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 600 target price on shares of easyJet in a research note on Monday, July 6th. JPMorgan Chase & Co. increased 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. Finally, UBS Group restated a “buy” rating and set a GBX 635 price objective on shares of easyJet in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 579.29.

easyJet Stock Up 14.1%

The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09. The firm’s 50-day moving average is GBX 461.95 and its 200 day moving average is GBX 445.87. The stock has a market cap of £5.02 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 0.59 and a beta of 1.70.

easyJet (LON:EZJ) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share 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%. Sell-side analysts anticipate that easyJet plc will post 67.3369565 earnings per share for the current fiscal 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.