easyJet (LON:EZJ) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of easyJet plc (LON:EZJ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 488.21 and traded as high as GBX 496.10. easyJet shares last traded at GBX 481.90, with a volume of 4,152,664 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EZJ. Panmure Gordon increased their target price on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. cut shares of easyJet to an “underweight” rating and reduced their price objective for the company from GBX 500 to GBX 400 in a research note on Monday, December 1st. Peel Hunt restated a “buy” rating and issued a GBX 850 target price on shares of easyJet in a research note on Tuesday, November 25th. Citigroup decreased their price target on shares of easyJet from GBX 520 to GBX 500 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft lowered easyJet to a “sell” rating and dropped their price target for the stock from GBX 535 to GBX 465 in a research note on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, easyJet currently has a consensus rating of “Hold” and a consensus target price of GBX 632.50.

easyJet Trading Down 3.0%

The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The stock’s 50-day simple moving average is GBX 492.96 and its 200-day simple moving average is GBX 488.21. The firm has a market capitalization of £3.60 billion, a PE ratio of 7.45, a P/E/G ratio of 0.59 and a beta of 2.49.

easyJet (LON:EZJ) last posted its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 earnings per share (EPS) for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. As a group, sell-side analysts expect that easyJet plc will post 67.3369565 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Harald Eisenächer bought 4,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of GBX 476 per share, with a total value of £19,040. In the last ninety days, insiders bought 4,061 shares of company stock valued at $1,933,698. 15.15% of the stock is currently owned by company insiders.

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.