JP Morgan Cazenove Reiterates easyJet (LSE:EZJ) Neutral Recommendation

Fintel reports that on October 2, 2023, JP Morgan Cazenove reiterated coverage of easyJet (LSE:EZJ) with a Neutral recommendation.

Analyst Price Forecast Suggests 63.56% Upside

As of August 31, 2023, the average one-year price target for easyJet is 688.77. The forecasts range from a low of 454.50 to a high of $1,039.50. The average price target represents an increase of 63.56% from its latest reported closing price of 421.10.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for easyJet is 9,009MM, an increase of 29.44%. The projected annual non-GAAP EPS is 0.40.

What is the Fund Sentiment?

There are 92 funds or institutions reporting positions in easyJet. This is a decrease of 3 owner(s) or 3.16% in the last quarter. Average portfolio weight of all funds dedicated to EZJ is 0.24%, a decrease of 2.71%. Total shares owned by institutions increased in the last three months by 7.34% to 48,939K shares.

What are Other Shareholders Doing?

GB:EZJ / easyJet PLC Shares Held by Institutions

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 4,997K shares representing 0.66% ownership of the company. In it's prior filing, the firm reported owning 4,916K shares, representing an increase of 1.61%. The firm decreased its portfolio allocation in EZJ by 10.61% over the last quarter.

TAVFX - THIRD AVENUE VALUE FUND Institutional Class holds 4,580K shares representing 0.61% ownership of the company. No change in the last quarter.

HILAX - The Hartford International Value Fund holds 3,318K shares representing 0.44% ownership of the company. In it's prior filing, the firm reported owning 3,106K shares, representing an increase of 6.38%. The firm decreased its portfolio allocation in EZJ by 13.32% over the last quarter.

SMCWX - SMALLCAP WORLD FUND INC holds 3,000K shares representing 0.40% ownership of the company. No change in the last quarter.

VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 2,947K shares representing 0.39% ownership of the company. In it's prior filing, the firm reported owning 2,860K shares, representing an increase of 2.95%. The firm decreased its portfolio allocation in EZJ by 5.13% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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