Brokerages Set Ryanair Holdings PLC (RYAAY) Price Target at $96.00
Ryanair Holdings PLC (NASDAQ:RYAAY) has been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $96.00.
A number of equities research analysts recently commented on RYAAY shares. Sanford C. Bernstein started coverage on Ryanair Holdings PLC in a research report on Monday, June 26th. They issued an “underperform” rating and a $83.00 target price on the stock. Zacks Investment Research downgraded Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub downgraded Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. HSBC Holdings plc downgraded Ryanair Holdings PLC from a “buy” rating to a “reduce” rating in a research report on Thursday, September 14th. Finally, Goldman Sachs Group, Inc. (The) upgraded Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $67.56 to $109.00 in a research report on Thursday, June 15th.
A number of institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in Ryanair Holdings PLC by 3.0% during the second quarter. FMR LLC now owns 14,021,784 shares of the transportation company’s stock worth $1,508,884,000 after buying an additional 414,790 shares during the period. Capital International Investors lifted its holdings in Ryanair Holdings PLC by 0.3% during the second quarter. Capital International Investors now owns 4,437,775 shares of the transportation company’s stock worth $477,549,000 after buying an additional 11,453 shares during the period. Janus Henderson Group PLC purchased a new stake in Ryanair Holdings PLC during the second quarter worth $366,606,000. Janus Capital Management LLC lifted its holdings in Ryanair Holdings PLC by 6.3% during the first quarter. Janus Capital Management LLC now owns 3,297,367 shares of the transportation company’s stock worth $273,610,000 after buying an additional 195,986 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Ryanair Holdings PLC by 5.6% during the second quarter. Renaissance Technologies LLC now owns 2,398,074 shares of the transportation company’s stock worth $258,057,000 after buying an additional 126,255 shares during the period. Institutional investors own 40.35% of the company’s stock.
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Ryanair Holdings PLC (NASDAQ RYAAY) traded up 1.49% during mid-day trading on Friday, hitting $106.17. The company’s stock had a trading volume of 711,501 shares. The company’s 50 day moving average is $110.23 and its 200-day moving average is $105.25. Ryanair Holdings PLC has a 52-week low of $67.56 and a 52-week high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.02 billion. Equities analysts forecast that Ryanair Holdings PLC will post $7.18 earnings per share for the current year.
About Ryanair Holdings PLC
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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