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LON:EZJ

easyJet (EZJ) Share Price, News & Analysis

GBX 460.94
+4.34 (+0.95%)
(As of 04:47 PM ET)
Today's Range
450.50
465.30
50-Day Range
456.60
577.80
52-Week Range
350
591.07
Volume
3.14 million shs
Average Volume
5.08 million shs
Market Capitalization
£3.47 billion
P/E Ratio
940.69
Dividend Yield
1.08%
Price Target
GBX 655

easyJet MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.1% Upside
GBX 655 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
£45,422 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.28 out of 5 stars

EZJ stock logo

About easyJet Stock (LON:EZJ)

easyJet plc is a UK-based low-cost air carrier founded in 1995. It is headquartered in Luton, the United Kingdom and based out of a terminal facility known as easyLand. The company was founded by Sir Stelios Haji-Ioannou with a loan from his father and has since been grown via expansion and acquisitions into the EUs 2nd largest low-cost air carrier. The company was floated on the London Stock Exchange in 2000.

Despite disagreements with current management, Sir Stelios and his holding company still control more than 15% of the company. It, EasyGroup Holdings, owns the Easy brand and operates an extensive network of services as well as licensing the brand to other businesses. One of easyJet’s more distinctive features and a common characteristic of the Easy brand is its bright orange color.

easyJet began as a paper airline, one that leased aircraft for its 2 routes, with less than 100 employees but it now employs more than 13,000 people to service its 308 planes flying from 29 bases primarily in the UK. The company, through a network of affiliates, flies 927 routes to 34 countries and served more than 15 million passengers per year prior to COVID-19.

easyJet operates on a business model pioneered by Southwest Airlines. The strategy aims to optimize plane utilization and revenue by limiting routes, connecting flights and itemizing upsells like luggage and carry-on allowances. Other low-cost features of the airline include no snacks, single-class high-density seating and minimized operating costs. Among the many benefits to investors is the company’s fleet which is among the youngest in the industry. Its fleet has an average age of under 8 years (as of 2022) compared to the industry average lifespan of 30 years.

The company’s fleet is entirely Airbus aircraft and includes A319, A320 and A321 models. Using one type of aircraft is fundamental to the low-cost model as it lowers maintenance costs and improves uptime. The company’s success is due in large part to the marketing slogan “making flying as affordable as a pair of jeans”. The company became a household name in 2007, however, when it became the center of a UK television show centered on the airline industry.

Originally, the company sold its seats via phone only and had its telephone number printed boldly on the side of all its aircraft. Today, easyJet sells seats through its website www.easyjet.com and its 'easyJet Worldwide' platform as well as through traditional channels.

 

EZJ Stock Price History

EZJ Stock News Headlines

easyJet plc: Holding(s) in Company
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Company Calendar

Ex-Dividend for 3/22 Dividend
2/22/2024
Dividend Payable
3/22/2024
Today
5/30/2024

Industry, Sector and Symbol

Industry
Airlines
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
16,697
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 655
High Stock Price Target
GBX 700
Low Stock Price Target
GBX 585
Potential Upside/Downside
+43.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
£374 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£8.75 billion
Cash Flow
GBX 588.55 per share
Book Value
GBX 322 per share

Miscellaneous

Free Float
N/A
Market Cap
£3.44 billion
Optionable
Not Optionable
Beta
2.57
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Key Executives

  • Mr. Johan Peter Lundgren (Age 58)
    CEO & Director
    Comp: $2.19M
  • Mr. Alistair Kenton Jarvis (Age 56)
    CFO & Director
    Comp: $1.4M
  • Mr. David Morgan (Age 59)
    Chief Operating Officer
  • Mr. Stuart Birrell
    Chief Data & Information Officer
  • Mr. Andrew Barker (Age 59)
    Director of Investor Relations
  • Ms. Rebecca Mills
    Group General Counsel
  • Mr. Robert M. Birge (Age 54)
    Chief Customer & Marketing Officer
  • Ms. Jane Storm
    Group People Director
  • Ms. Sophie Dekkers
    Chief Commercial Officer
  • Mr. Garry Wilson
    Chief Executive Officer of easyJet Holidays

EZJ Stock Analysis - Frequently Asked Questions

Should I buy or sell easyJet stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for easyJet in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EZJ shares.
View EZJ analyst ratings
or view top-rated stocks.

What is easyJet's stock price target for 2024?

3 Wall Street analysts have issued twelve-month price objectives for easyJet's stock. Their EZJ share price targets range from GBX 585 to GBX 700. On average, they predict the company's share price to reach GBX 655 in the next twelve months. This suggests a possible upside of 42.1% from the stock's current price.
View analysts price targets for EZJ
or view top-rated stocks among Wall Street analysts.

How have EZJ shares performed in 2024?

easyJet's stock was trading at GBX 510 on January 1st, 2024. Since then, EZJ stock has decreased by 9.6% and is now trading at GBX 460.94.
View the best growth stocks for 2024 here
.

How often does easyJet pay dividends? What is the dividend yield for easyJet?

easyJet declared a dividend on Friday, December 13th. Shareholders of record on Thursday, February 22nd will be paid a dividend of GBX 4.50 per share on Friday, March 22nd. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, February 22nd. The official announcement can be accessed at this link.
Read our dividend analysis for EZJ
.

Is easyJet a good dividend stock?

easyJet (LON:EZJ) pays an annual dividend of GBX 5 per share and currently has a dividend yield of 0.98%. The dividend payout ratio is 1,020.41%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for EZJ.

What other stocks do shareholders of easyJet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other easyJet investors own include Intelsat (I), Associated British Foods (ABF), Fossil Group (FOSL), Chaarat Gold (CGH), Bank of America (BAC), HSBC (HSBA), AMC Entertainment (AMC), First Data (FDC), Air Canada (AC) and Apollo Global Management (APO).

How do I buy shares of easyJet?

Shares of EZJ stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:EZJ) was last updated on 5/30/2024 by MarketBeat.com Staff

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