Ryanair Holdings PLC (NASDAQ:RYAAY) Stock Has Consensus Price Target of $73.97

Ryanair Holdings PLC (NASDAQ:RYAAY) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $73.97.

Several brokerages have weighed in on RYAAY. Zacks Research upgraded Ryanair from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Barclays raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 6th. Raymond James Financial reiterated a “strong-buy” rating and set a $74.00 target price on shares of Ryanair in a report on Monday, August 24th. Weiss Ratings downgraded shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Morgan Stanley assumed coverage on shares of Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price target for the company.

Ryanair Stock Down 2.6%

Shares of NASDAQ RYAAY opened at $57.88 on Tuesday. Ryanair has a 52-week low of $51.02 and a 52-week high of $74.24. The firm has a market capitalization of $29.98 billion, a price-to-earnings ratio of 14.69 and a beta of 1.22. The stock has a 50 day moving average price of $54.71 and a 200 day moving average price of $59.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.17.

Insiders Place Their Bets

In other Ryanair news, insider Carol Sharkey sold 6,166 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $28.06, for a total transaction of $173,017.96. Following the completion of the sale, the insider owned 7,970 shares in the company, valued at $223,638.20. This represents a 43.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Ryanair

Hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin Edwards Inc. lifted its stake in shares of Ryanair by 14.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 12,088 shares of the transportation company’s stock valued at $665,000 after purchasing an additional 1,516 shares during the period. State Street Corp grew its position in Ryanair by 1.5% during the third quarter. State Street Corp now owns 417,783 shares of the transportation company’s stock valued at $22,988,000 after buying an additional 6,276 shares during the period. Private Advisor Group LLC acquired a new stake in Ryanair during the third quarter valued at $262,000. Global Retirement Partners LLC increased its holdings in Ryanair by 69.9% in the third quarter. Global Retirement Partners LLC now owns 2,434 shares of the transportation company’s stock valued at $134,000 after buying an additional 1,001 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its holdings in Ryanair by 178.1% in the third quarter. NINE MASTS CAPITAL Ltd now owns 40,224 shares of the transportation company’s stock valued at $2,213,000 after buying an additional 25,761 shares in the last quarter. Institutional investors and hedge funds own 43.65% of the company’s stock.

About Ryanair

Ryanair Holdings plc is an Irish airline group focused on low-fare, short-haul travel. Its airlines operate scheduled passenger flights, primarily on point-to-point routes, and offer related services such as priority boarding, seat selection and baggage options. The group serves destinations across Europe and also operates routes to countries in North Africa and the Middle East. Its airline businesses include Ryanair, Buzz, Malta Air and Lauda Europe. Founded in 1984, Ryanair began flying in 1985 with a route between Waterford, Ireland, and London Gatwick.