Ryanair (NASDAQ:RYAAY) Rating Increased to Buy at StockNews.com
Ryanair #Ryanair
Ryanair (NASDAQ:RYAAY – Get Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.
RYAAY has been the topic of several other research reports. Stifel Nicolaus cut shares of Ryanair from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Raymond James lowered their price target on shares of Ryanair from $112.00 to $102.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 5th. Liberum Capital cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. UBS Group lifted their price target on shares of Ryanair from €19.20 ($19.59) to €21.00 ($21.43) in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ryanair from €19.20 ($19.59) to €17.70 ($18.06) in a report on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.87.
Ryanair Price Performance
RYAAY stock opened at $63.41 on Thursday. The company has a market capitalization of $14.40 billion, a P/E ratio of 58.71 and a beta of 1.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.08 and a current ratio of 1.08. Ryanair has a 52-week low of $55.90 and a 52-week high of $127.25. The business has a 50-day simple moving average of $67.01 and a two-hundred day simple moving average of $75.25.
Ryanair (NASDAQ:RYAAY – Get Rating) last released its quarterly earnings results on Monday, July 25th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.73 billion. Ryanair had a return on equity of 1.85% and a net margin of 3.13%. Research analysts expect that Ryanair will post 5.26 EPS for the current fiscal year. Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RYAAY. Harding Loevner LP bought a new stake in Ryanair in the first quarter worth $48,000. Parallel Advisors LLC bought a new stake in Ryanair in the second quarter worth $64,000. Ronald Blue Trust Inc. bought a new stake in Ryanair in the second quarter worth $90,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Ryanair by 55.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,183 shares of the transportation company’s stock worth $100,000 after purchasing an additional 423 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Ryanair by 656.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,770 shares of the transportation company’s stock worth $103,000 after purchasing an additional 1,536 shares during the last quarter. 43.70% of the stock is currently owned by hedge funds and other institutional investors.
About Ryanair
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Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, Germany, and other European countries. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services; in-flight sale of beverages, food, duty-free, and merchandise; and marketing of car hire and accommodation services, and travel insurance through its website and mobile app.
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