Ryanair (NASDAQ:RYAAY) Upgraded to “Buy” at StockNews.com

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

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

Ryanair Price Performance

Shares of RYAAY traded down $0.30 during mid-day trading on Thursday, hitting $44.78. The company’s stock had a trading volume of 486,014 shares, compared to its average volume of 1,612,395. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. Ryanair has a 1-year low of $36.96 and a 1-year high of $60.29. The firm has a market capitalization of $24.50 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.57 and a beta of 1.54. The firm has a 50-day simple moving average of $66.30 and a 200 day simple moving average of $98.46.

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 net margin of 11.38% and a return on equity of 19.92%. During the same quarter last year, the business posted $2.88 earnings per share. Analysts predict that Ryanair will post 2.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its position in shares of Ryanair by 826.7% in the 2nd quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company’s stock valued at $72,399,000 after purchasing an additional 554,680 shares during the period. Scientech Research LLC grew its position in Ryanair by 306.5% during the 2nd quarter. Scientech Research LLC now owns 7,260 shares of the transportation company’s stock worth $845,000 after purchasing an additional 5,474 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Ryanair by 27.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 322,074 shares of the transportation company’s stock worth $37,502,000 after purchasing an additional 68,635 shares in the last quarter. Sprucegrove Investment Management Ltd. grew its holdings in shares of Ryanair by 13.2% during the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 3,168,162 shares of the transportation company’s stock valued at $368,901,000 after acquiring an additional 368,800 shares in the last quarter. Finally, Trinity Street Asset Management LLP grew its holdings in shares of Ryanair by 154.4% during the 3rd quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock valued at $169,685,000 after acquiring an additional 2,279,250 shares in the last quarter. 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.