Jet2 (JET2) Share Price, News & Analysis

Company Overview

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations. In addition, it engages in the aircraft leasing and financing services. The company was formerly known as Dart Group PLC and changed its name to Jet2 plc in September 2020. Jet2 plc was founded in 1971 and is based in Leeds, the United Kingdom.

Key Stats

• Today's Range: 1,515 to 1,541
• 50-Day Range: 1,336 to 1,563.21
• 52-Week Range: 1,066 to 1,596
• Volume: 164,005 shs
• Average Volume: 563,044 shs
• Market Capitalization: £3.30 billion
• P/E Ratio: 903.53
• Dividend Yield: 0.98%
• Price Target: GBX 1,900
• Consensus Rating: Buy

Jet2 Stock Analysis - MarketRank™

Jet2 scored higher than 37% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Jet2 has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Jet2 has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Jet2 is 903.98, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 137.62.

Price to Earnings Ratio vs. Sector

The P/E ratio of Jet2 is 903.98, which means that it is trading at a more expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 387.12.

Price to Earnings Growth Ratio

Jet2 has a PEG Ratio of 9.34. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Jet2 has a P/B Ratio of 2.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for JET2.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Jet2 pays a meaningful dividend of 1.04%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Jet2 does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Jet2 is 882.35%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for JET2.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: -0.01

News Sentiment

Jet2 has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.36 average news sentiment score of Consumer Cyclical companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Jet2 this week, compared to 14 articles on an average week.

Search Interest

Only 1 people have searched for JET2 on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

2 people have added Jet2 to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Jet2 insiders have bought more of their company's stock than they have sold. Specifically, they have bought £37,823.03 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

20.92% of the stock of Jet2 is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

54.44% of the stock of Jet2 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

JET2 Stock Analysis - Frequently Asked Questions

How have JET2 shares performed this year?

Jet2's stock was trading at GBX 1,249 at the start of the year. Since then, JET2 stock has increased by 23.0% and is now trading at GBX 1,536.76.
View the best growth stocks for 2024 here.

How do I buy shares of Jet2?

Shares of JET2 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.

What other stocks do shareholders of Jet2 own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Jet2 investors own include International Consolidated Airlines Group (IAG), easyJet (EZJ), Barclays (BARC), Rolls-Royce Holdings plc (RR.L), Aviva (AV), BP (BP) and Lloyds Banking Group (LLOY).

Company Calendar

• Ex-Dividend for 10/23 Dividend: 9/19/2024
• Dividend Payable: 10/23/2024
• Today: 11/14/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Consumer Cyclical
• Industry: Travel Services
• Sub-Industry: N/A
• Current Symbol: LON:JET2
• CUSIP: N/A
• CIK: N/A
• Web: www.jet2plc.com
• Phone: 44 11 3238 7444
• Fax: N/A
• Employees: 11,716
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 1,900
• High Stock Price Target: GBX 2,000
• Low Stock Price Target: GBX 1,800
• Potential Upside/Downside: +24.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 1.70
• Trailing P/E Ratio: 896.47
• Forward P/E Ratio: 8.92
• P/E Growth: 9.34
• Net Income: £399.20 million
• Net Margins: 6.38%
• Pretax Margin: N/A
• Return on Equity: 32.97%
• Return on Assets: 5.30%

Debt

• Debt-to-Equity Ratio: 103.30
• Current Ratio: 1.36
• Quick Ratio: 1.49

Sales & Book Value

• Annual Sales: £6.26 billion
• Price / Sales: 0.52
• Cash Flow: GBX 2,027.67 per share
• Price / Cash Flow: 0.75
• Book Value: GBX 656 per share
• Price / Book: 2.32

Miscellaneous

• Outstanding Shares: 214,680,000
• Free Float: N/A
• Market Cap: £3.27 billion
• Optionable: Not Optionable
• Beta: 2.27