Wizz Air Holdings Sees Change in Voting Rights by Major Shareholder

Wizz Air Holdings ( (GB:WIZZ) ) has shared an announcement.

Wizz Air Holdings PLC has announced a change in the voting rights held by The Capital Group Companies, Inc., following an acquisition or disposal of financial instruments. The Capital Group Companies now holds 9.882047% of the voting rights in Wizz Air, a decrease from the previous 11.801266%. This adjustment in holdings may influence the company’s strategic decisions and its market positioning, reflecting a shift in stakeholder influence.

The most recent analyst rating on (GB:WIZZ) stock is a Buy with a £37.50 price target. To see the full list of analyst forecasts on Wizz Air Holdings stock, see the GB:WIZZ Stock Forecast page.

Spark’s Take on GB:WIZZ Stock

According to Spark, TipRanks’ AI Analyst, GB:WIZZ is a Outperform.

Wizz Air Holdings’ overall stock score reflects a strong recovery in financial performance, particularly in income growth and margin improvement. However, high leverage and negative free cash flow present significant risks. The stock’s technical indicators show upward momentum, supporting a positive outlook. The attractive valuation, with a low P/E ratio, suggests an undervalued opportunity in the airline industry. Positive corporate events, like passenger growth and sustainability initiatives, further enhance the growth potential, offsetting some financial risks.

To see Spark’s full report on GB:WIZZ stock, click here.

More about Wizz Air Holdings

Wizz Air Holdings PLC is a non-UK issuer operating in the airline industry, known for providing low-cost air travel services primarily across Europe. The company focuses on offering affordable travel options to a wide range of customers, enhancing connectivity across various destinations.

Average Trading Volume: 792,633

Technical Sentiment Signal: Strong Sell

Current Market Cap: £1.15B

Find detailed analytics on WIZZ stock on TipRanks’ Stock Analysis page.