Ryanair (NASDAQ:RYAAY) Receives Buy (B) Rating from Weiss Ratings

Ryanair (NASDAQ:RYAAY)‘s stock had its “buy (b)” rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded Ryanair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. The Goldman Sachs Group lowered Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $76.00 target price (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Oddo Bhf upgraded Ryanair from an “underperform” rating to an “outperform” rating in a research note on Wednesday, July 16th. Finally, Zacks Research lowered Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $76.00.

Ryanair Stock Performance

Ryanair stock opened at $61.96 on Wednesday. The firm has a market capitalization of $32.82 billion, a P/E ratio of 14.54, a PEG ratio of 0.72 and a beta of 1.38. The stock has a fifty day moving average price of $61.51 and a 200 day moving average price of $55.50. Ryanair has a 52 week low of $38.52 and a 52 week high of $67.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.49 by $0.25. The firm had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. Equities research analysts anticipate that Ryanair will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On Ryanair

A number of large investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Ryanair by 4.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock valued at $1,242,480,000 after buying an additional 1,233,059 shares in the last quarter. Metropolis Capital Ltd grew its stake in shares of Ryanair by 0.8% in the second quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock valued at $276,253,000 after buying an additional 36,559 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Ryanair by 7.3% in the first quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock valued at $165,630,000 after buying an additional 266,343 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ryanair by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock valued at $161,499,000 after buying an additional 539,256 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Ryanair in the first quarter valued at about $118,071,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.