easyJet’s (EZJ) “Outperform” Rating Reiterated at Credit Suisse Group

Posted by Don Miller on Dec 3rd, 2019

Credit Suisse Group reiterated their outperform rating on shares of easyJet (LON:EZJ) in a research report released on Friday, Borsen Zeitung reports. The brokerage currently has a GBX 1,546 ($20.20) price objective on the stock, up from their previous price objective of GBX 1,431 ($18.70).

A number of other research analysts have also commented on the stock. Bank of America set a GBX 1,200 ($15.68) price objective on shares of easyJet and gave the company a neutral rating in a research report on Tuesday, October 1st. Morgan Stanley reaffirmed an equal weight rating and set a GBX 1,000 ($13.07) price objective on shares of easyJet in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on shares of easyJet from GBX 1,060 ($13.85) to GBX 1,260 ($16.46) and gave the stock a neutral rating in a research report on Tuesday, November 19th. Barclays raised shares of easyJet to an equal weight rating and increased their price target for the stock from GBX 1,100 ($14.37) to GBX 1,250 ($16.33) in a research report on Wednesday, November 20th. Finally, Commerzbank increased their price target on shares of easyJet from GBX 1,150 ($15.03) to GBX 1,450 ($18.95) and gave the stock a hold rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 1,261.30 ($16.48).

Shares of EZJ opened at GBX 1,325 ($17.31) on Friday. The company has a 50-day simple moving average of GBX 1,284.34 and a 200-day simple moving average of GBX 1,061.70. The firm has a market capitalization of $5.26 billion and a P/E ratio of 15.09. The company has a debt-to-equity ratio of 63.95, a quick ratio of 0.65 and a current ratio of 0.79. easyJet has a 52 week low of GBX 840 ($10.98) and a 52 week high of GBX 1,367.50 ($17.87).

The firm also recently declared a dividend, which will be paid on Friday, March 20th. Investors of record on Thursday, February 27th will be given a GBX 43.90 ($0.57) dividend. This represents a yield of 3.27%. The ex-dividend date of this dividend is Thursday, February 27th. easyJet’s dividend payout ratio (DPR) is presently 0.50%.

easyJet Company Profile

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.