Ryanair Holdings plc (NASDAQ:RYAAY) Receives Average Rating of “Buy” from Analysts

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) have earned a consensus rating of “Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $154.67.

A number of brokerages have commented on RYAAY. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein cut their target price on Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th.

Ryanair Price Performance

RYAAY stock opened at $45.45 on Tuesday. Ryanair has a 1 year low of $36.96 and a 1 year high of $60.29. The firm has a market capitalization of $24.73 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.65 and a beta of 1.51. 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 simple moving average of $44.80 and a 200-day simple moving average of $85.76.

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

Hedge Funds Weigh In On Ryanair

A number of institutional investors and hedge funds have recently modified their holdings of the company. Gallacher Capital Management LLC lifted its holdings in shares of Ryanair by 4.1% in the 2nd quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 150 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Ryanair by 0.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock valued at $2,939,000 after purchasing an additional 212 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings 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 purchasing an additional 350 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in Ryanair in the 2nd quarter valued at approximately $50,000. Finally, Cetera Advisors LLC increased its position in Ryanair by 28.4% during the 1st quarter. Cetera Advisors LLC now owns 1,953 shares of the transportation company’s stock worth $284,000 after purchasing an additional 432 shares during the period. 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.