Analysts Set Ryanair Holdings PLC (NASDAQ:RYAAY) Target Price at $77.67

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) have received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $77.6667.

Several brokerages recently issued reports on RYAAY. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday, May 19th. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $77.00 price target on shares of Ryanair in a research note on Monday, June 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th.

Insiders Place Their Bets

In related news, insider Darrell Thomas Hughes sold 8,197 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $213,203.97. Following the completion of the sale, the insider directly owned 37,362 shares in the company, valued at approximately $971,785.62. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carol Marie Sharkey sold 6,999 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $182,043.99. Following the completion of the sale, the insider owned 14,136 shares of the company’s stock, valued at approximately $367,677.36. This trade represents a 33.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 111,607 shares of company stock valued at $2,918,397 in the last quarter.

Institutional Investors Weigh In On Ryanair

Several institutional investors have recently made changes to their positions in RYAAY. CIBC Private Wealth Group LLC boosted its stake in shares of Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after buying an additional 348 shares during the period. Pin Oak Investment Advisors Inc. raised its position in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Ryanair by 39.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in Ryanair by 64.9% during the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 257 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors.

Ryanair Stock Performance

Shares of NASDAQ:RYAAY opened at $61.24 on Friday. Ryanair has a 12-month low of $53.14 and a 12-month high of $74.24. The stock has a market cap of $31.87 billion, a PE ratio of 13.00, a P/E/G ratio of 1.57 and a beta of 1.15. The business has a 50 day moving average of $58.45 and a 200-day moving average of $63.82. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. As a group, equities research analysts forecast that Ryanair will post 4.25 earnings per share for the current year.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.