Ryanair (NASDAQ:RYAAY) Stock Rating Upgraded by Zacks Research

Ryanair (NASDAQ:RYAAY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Several other equities analysts have also recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Ryanair in a research report on Wednesday, July 1st. Morgan Stanley began 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. Barclays cut shares of Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, October 9th. Raymond James Financial reiterated a “strong-buy” rating and set a $74.00 price target on shares of Ryanair in a research report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.97.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $51.33 on Tuesday. The stock has a fifty day moving average price of $55.34 and a 200 day moving average price of $58.29. Ryanair has a 1-year low of $51.02 and a 1-year high of $74.24. The company has a market cap of $26.58 billion, a PE ratio of 12.15, a P/E/G ratio of 4.20 and a beta of 1.19.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a return on equity of 21.23% and a net margin of 12.14%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. Analysts anticipate that Ryanair will post 3.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ryanair

A number of hedge funds and other institutional investors have recently made changes to their positions in RYAAY. Janus Henderson Group PLC lifted its position in Ryanair by 3.3% during the first quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after buying an additional 185,110 shares during the period. Wellington Management Group LLP grew its holdings in Ryanair by 0.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,007,671 shares of the transportation company’s stock valued at $259,497,000 after buying an additional 14,074 shares during the period. Trinity Street Asset Management LLP grew its holdings in Ryanair by 3.2% in the 2nd quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock valued at $230,992,000 after buying an additional 110,700 shares during the period. Metropolis Capital Ltd increased its stake in shares of Ryanair by 10.8% during the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after acquiring an additional 385,444 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Ryanair by 34.3% during the 1st quarter. Sei Investments Co. now owns 2,172,317 shares of the transportation company’s stock valued at $125,560,000 after acquiring an additional 555,029 shares during the last quarter. Hedge funds and other institutional investors own 43.65% of the company’s stock.

Ryanair Company Profile

Ryanair Holdings plc is an Ireland-based airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair DAC, Malta Air, Buzz, Lauda and Ryanair UK, the group provides point-to-point air travel connecting cities and regional airports in Europe and selected destinations in North Africa.

The company’s core business is the sale of airline tickets, supported by ancillary services such as priority boarding, reserved seating, checked baggage, onboard food and beverages, travel insurance and car-hire or accommodation-related offerings.