Ryanair (NASDAQ:RYAAY) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Several other research analysts have also recently issued reports on the stock. UBS Group upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, Sanford C. Bernstein cut their price target on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $154.67.

Ryanair Stock Down 0.5 %

Shares of NASDAQ RYAAY opened at $44.87 on Thursday. Ryanair has a 1 year low of $36.96 and a 1 year high of $60.29. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.59 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $64.95 and a two-hundred day moving average of $97.26.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.09). The business had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same quarter in the previous year, the firm earned $2.88 EPS. On average, analysts forecast that Ryanair will post 2.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new stake in shares of Ryanair during the first quarter worth approximately $29,000. Paradigm Asset Management Co. LLC increased its stake in Ryanair by 87.5% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock valued at $34,000 after buying an additional 350 shares during the period. GAMMA Investing LLC raised its position in Ryanair by 261.5% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock worth $40,000 after buying an additional 646 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Ryanair by 153.1% in the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock worth $40,000 after acquiring an additional 539 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Ryanair by 256.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after acquiring an additional 215 shares during the period. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

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.