Jet2 (LON:JET2) Trading Down 2.1% - Should You Sell?

Key Points

• Jet2 shares fell 2.1% to GBX 1,542 in mid-day trading, with volume down 70% from the average session level.
• Analyst sentiment remains positive overall: six analysts rate the stock “Buy” and one rates it “Hold,” producing a “Moderate Buy” consensus and an average target price of GBX 1,638.14.
• Jet2 reported quarterly EPS of GBX 211.20, a 19.92% return on equity and a 5.49% net margin. However, insiders sold 87,558 shares over the past 90 days, while the announced share-buyback authorization covers zero outstanding shares.

Jet2 plc (LON:JET2 - Get Free Report)'s share price was down 2.1% during mid-day trading on Tuesday . The stock traded as low as GBX 1,534 and last traded at GBX 1,542. 812,218 shares were traded during trading, a decline of 70% from the average session volume of 2,689,610 shares. The stock had previously closed at GBX 1,575.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,800 target price on shares of Jet2 in a report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on Jet2 from GBX 1,300 to GBX 1,200 and set a "neutral" rating on the stock in a report on Tuesday, May 5th. UBS Group restated a "buy" rating and issued a GBX 1,660 price target on shares of Jet2 in a research report on Friday, July 3rd. Royal Bank Of Canada upped their price objective on Jet2 from GBX 1,800 to GBX 1,900 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Finally, Canaccord Genuity Group decreased their price objective on Jet2 from GBX 1,900 to GBX 1,750 and set a "buy" rating for the company in a research report on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 1,638.14.

Jet2 Price Performance

The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 62.09. The stock has a fifty day simple moving average of GBX 1,432.68 and a two-hundred day simple moving average of GBX 1,266.66. The company has a market cap of £2.77 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18.

Jet2 (LON:JET2 - Get Free Report) last posted its quarterly earnings results on Wednesday, July 8th. The company reported GBX 211.20 earnings per share for the quarter. Jet2 had a return on equity of 19.92% and a net margin of 5.49%. On average, equities analysts predict that Jet2 plc will post 170.9134615 EPS for the current fiscal year.

Jet2 announced that its Board of Directors has approved a stock repurchase program on Wednesday, July 8th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Jet2

In other news, insider Gary Brown sold 11,765 shares of the company's stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £173,533.75. Also, insider Stephen Heapy sold 15,409 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £227,282.75. Insiders have sold a total of 87,558 shares of company stock worth $129,148,050 over the last 90 days. Insiders own 22.58% of the company's stock.

Jet2 Company Profile

Jet2 plc is a leading leisure travel group, specialising in friendly low fares from its award-winning airline, Jet2.com, and package holidays you can trust from the UK's largest package holiday provider, Jet2holidays. Jet2.com is the UK's third largest airline, flying from 12 UK airports to over 70 destinations across Europe and beyond and Jet2holidays is the UK's largest tour operator.

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