Brokerages Set Ryanair Holdings PLC (NASDAQ:RYAAY) PT at $73.50

Ryanair Holdings PLC (NASDAQ:RYAAY) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $73.50.

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $71.00 price target on shares of Ryanair in a research note on Tuesday, January 27th. Wall Street Zen downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Weiss Ratings lowered shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th.

Institutional Investors Weigh In On Ryanair

A number of institutional investors have recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Ryanair during the third quarter worth approximately $26,000. CIBC Private Wealth Group LLC boosted its stake in Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares during the period. Pin Oak Investment Advisors Inc. grew its holdings in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after buying an additional 209 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after buying an additional 498 shares during the period. Finally, UMB Bank n.a. increased its position in Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after buying an additional 497 shares during the period. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Down 0.8%

NASDAQ RYAAY opened at $63.05 on Thursday. The stock has a market capitalization of $33.06 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. Ryanair has a 52 week low of $38.52 and a 52 week high of $74.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a fifty day moving average of $68.26 and a 200-day moving average of $65.14.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.16 billion. Ryanair had a return on equity of 29.76% and a net margin of 15.04%. On average, equities research analysts forecast that Ryanair will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, January 16th were issued a $0.4545 dividend. The ex-dividend date of this dividend was Friday, January 16th. Ryanair’s dividend payout ratio is currently 14.26%.

Ryanair Company Profile

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.