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Sept. 29, 2020, 2:44 a.m. EDT

Wizz Air initiated at outperform by Bernstein

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By Steve Goldstein

Wizz Air Holdings /zigman2/quotes/210449062/delayed UK:WIZZ -5.33% , the U.K.-listed, Central European airline, was initiated at outperform by Bernstein with a £45 price target. Analyst Daniel Roeska called Wizz Air the last great growth story in European airlines, and noted Wizz Air's home markets in Central and Eastern Europe have about 25% of the short-haul flights per capita of Western European markets. Wizz Air is "low cost to its core" and has demonstrated its ability to compete profitably wing-to-wing with Ryanair /zigman2/quotes/204098489/composite RYAAY -3.09% , the analyst added. Wizz Air closed Monday at £31.34 and has lost nearly 20% this year.

/zigman2/quotes/210449062/delayed
UK : U.K.: London
3,124.00 p
-176.00 -5.33%
Volume: 228,295
Oct. 28, 2020 4:35p
P/E Ratio
18.49
Dividend Yield
N/A
Market Cap
£3.39 billion
Rev. per Employee
£481,667
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/zigman2/quotes/204098489/composite
US : U.S.: Nasdaq
$ 80.48
-2.57 -3.09%
Volume: 217,204
Oct. 28, 2020 1:07p
P/E Ratio
79.44
Dividend Yield
N/A
Market Cap
$16.19 billion
Rev. per Employee
$624,883
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