Just a heads-up for any traders out there. Easyjet seems to be bouncing back after its 20% fall during the week.

MM's seem to be walking the price up.

Right now we have EZJ Bid: 608.5p Offer: 609p Change: 11, was up 13 a few minutes back.

Credit Suisse ups target on 'multi-year value proposition' easyJet
25 March 2014 10:56

Analysts at Credit Suisse have lifted their price target on shares of easyJet to 2,021p from 1,988p following today´s pre-close trading update and improved guidance for the first half of 2014 from the budget airline, while reiterating their 'outperform' recommendation on the shares.

Significantly, they point out how the stock is now trading on an enterprise value-to-operating profits ratio of 8.3 times and a price-to-earnings multiple of 14.6 times, both represent a discount to its main peer RyanAir despite easyJet's higher returns and cash flow generation. Hence, they believe easyJet should trade at a premium.

As a result of better pricing and lower cost inflation they now estimate that easyJet will post a smaller loss before tax for the first half of £56m, versus the £67m which they had previously been forecasting.

For the full year Credit Suisse raised their pre-tax profit estimate 2% to £576m and their price target by another 2% to 2,021p.

"We continue to see easyJet as a multi-year value proposition", the broker said, adding that the company should be able to capitalise on attractive medium term volume and pricing opportunities.

As of 11:53 shares of the firm were higher by 4.47% at 1,710p.

AB

Related Companies: EZJ

easyJet upgraded by Numis
31st March 2014, 14:47

Numis has upgraded its recommendation on easyJet [LON:EZJ] to an outright ‘buy’ (from ‘add’) believing the company could benefit further from the structural changes taking place within the European short-haul market.

The broker also reckons the low cost carrier could return at least £500 million, by way of special dividends, over the coming three years which would equate to around 130 pence per share.

Analysts have increased their price target to 2,100 pence per share from 1,900 pence.

Separately, Investec upgraded its recommendation on the airline carrier to ‘buy’ from ‘hold’, on Tuesday, after the company announced that it expects to deliver a first half performance ahead of previous guidance.

Meanwhile, Deutsche Bank repeated its ‘buy’ recommendation (price target upgraded to 1,935 pence a share from 1,560 pence) in a note to clients, on Wednesday.

Following the various changes of opinion since the last week’s update from easyJet, Broker Forecasts consensus data highlights that 67 per cent of brokers rate the shares as an ‘add’ or ‘buy’, 22 per cent as a ‘hold’ or ‘neutral’ and 11 per cent as a ‘reduce’ or ‘sell’.

Citywire 2/04/2014

EasyJet investors set for £500m windfall
Numis has upgraded EasyJet (EZJ.L) from ‘add’ to ‘buy’ as it highlighted that the budget airline could return around £500 million, or 130p per share, through special dividends over the next three years.

It increased its target price from £19 to £21, arguing EasyJet could benefit from structural changes to short-haul aviation in Europe. Yesterday EasyJet shares gained 7p to £17.18. They have risen nearly 12% this year.

One of these changes is the broadening of the European Union’s ‘Common Aviation Area’ through agreements struck with neighbouring countries. ‘In our opinion, this liberalisation will continue to offer opportunity for European low-cost carriers, including EasyJet, even though EasyJet’s core markets are already fully liberalised,’ said Numis analyst Wyn Ellis.

He added the company was also well poised to take further market share from ‘legacy’ [non-low-cost] airlines in its current markets.

‘Non-low-cost carriers account for 53% of the traffic at EasyJet’s top 20 airports, of which only 12% is estimated to be traffic connecting to long-haul flights; 41% is on point-to-point routes. In our opinion, this represents a major growth opportunity for EasyJet,’ he said.

been a good little earner this one .... have traded several times and am currently long .... thanks sticky for a couple of months back!

just going to revisit DOM to see what upside there may be there

bot first clip in 2007 and after a shaky start this stock is now performing well so added a few more today-think Stelios sold a little bit too early but I guess he can afford it

Passenger Statistics for March 2014

easier this way :-)

Easyjet Plc
Passengers up 4.8 percent to 5,107,676
Load factor 91.5%

Excelent figures . Anything more than 4% was pre results considered to be top bombing.

Watch out for broker updates and perhaphs upgrades..............

BRIEF-Easyjet passenger numbers up 4.8 percent in March

04 Apr 2014 - 07:34
LONDON, April 4 (Reuters) – Easyjet Plc
Passengers up 4.8 percent to 5,107,676
* Load factor 91.5%
Source text for Eikon: [ID:nRSD0185Ea] Further company coverage: [EZJ.L]
Keywords: EASYJET/BRIEF

Contributing to FTSE 100's rise were shares of EasyJet PLC (EJTTF.NaE) up 2.1% after the company said the number of passengers it carried in March rose 4.8% to 5.1 million from the same month a year ago. Load factor, or the percentage of seats filled with passengers, rose to 91.5% from 90.5% a year earlier.
EasyJet's (EJTTF.NaE) March traffic suggests momentum, said Credit Suisse analyst Neil Glynn in a note Friday. With volumes for carrier Ryanair Holdings PLC down due to the timing of the Easter holiday, 'we consider this a strong performance on a tough comparative,' Glynn wrote.

04 Apr 2014 easyJet PLC EZJ Credit Suisse Outperform 1,836.00 1,791.00 2,021.00 2,021.00 Reiterates

SP TARGET 2,021p

sticky - go to ftse thread for a minute and read about latest usa employment numbers

Saw them ages ago on twitter.

They get them first before anyone.

Always leaked up thier about 15 mins before they come out.

If I traded indicies these days Id have one hell of an advantage.

Stupid isnt it, figs that miss are better news than figs that beat due to tapering.

Always leaked up thier about 15 mins before they come out ....... pretty doubtful assertion, even if that someone's sleeping with Yellen

Hey no kidding. Dont forget you get the big yank trusts and brokers on their. They seem to be a lot more relaxed than our market.

Credit Suisse upbeat on easyJet after March traffic growth
04 April 2014 12:34

Credit Suisse has retained its 'outperform' recommendation on budget airline easyJet, saying that the company's March traffic statistics on Friday show good momentum and a creditable performance.

The company said the number of passengers in March rose by 4.8% to 5,107,676 compared to a year earlier. The load factor, the number of passengers to the number of seats available, increased to 91.5% from 90.5% in the same month of 2013.

The broker forecasts a £56m pre-tax loss for easyJet's first half, towards the lower end of guidance for a loss of £55-65m, "with March traffic seemingly supportive".

For the full year ending September 2014, the bank is looking for a pre-tax profit of £576m, up from £478m the previous year, with results helped by the timing of Easter which will be in the third quarter.

Credit Suisse said that easyJet trades at 16 times' prospective earnings, in line with sector peer Ryanair.

"It has closed a 10% valuation gap to Ryanair over the past two weeks yet having surpassed Ryanair returns/cash flow generation in 2013, we think it should trade at a premium.

"We continue to see easyJet as a multi-year value proposition, and re-iterate our view [...] that easyJet should be able to capitalise on attractive medium-term volume and pricing opportunities."

The bank kept its 2,021p target price for the stock, which was up 2.5% at 1,835p by 12:54 on Friday.

BC

Related Companies: EZJ

155 - if what you say is true, then categorically, cash dow would also have reacted before the event - which of course it did not

================

more importantly ......
i would have thought there ought to be some reflection in TCG's next numbers

Well im not telling porkies at least 3 yank tweets at about 1.17 giving the exact figures AND both the FTSE and DOW DID start first dropping a little then going higher.

You must have seen it.

i don't watch minute/minute, but the movement i saw on dow was minimal and no more than would have been expected just before the announcement ..... once the numbers came out, dow rocketed, albeit only fairly briefly .... and indeed, it's rallying again quite strongly as i write

meanwhile ..... TCG?

Funnily enough I was talking to Alpesh Patel(top fund manager) wed evening and he rates TCG very highly.

Its one of his top 5 stocks on the market and reckons its got potential to do 250p ish by late summer.

His number one stock is PAY ie, paypoint at the moment.

Says if it breaks 1200p on a 2 day 48 hour basis Snap It Up. Put it on my watch list.

Sent me a note from his site yesterday, Ill send it you on to your E-mail later.

Remind me if I forget, got a poxy party to go to tonight with her indoors.....winebar event.

Rather go down local anytime.

God's punishing you :-)
just going to pop some TCG into my pension i think .... i hold outside as well