BidaskClub cut shares of Ryanair Holdings PLC (NASDAQ:RYAAY) from a strong-buy rating to a buy rating in a report published on Tuesday.

RYAAY has been the topic of a number of other research reports. ValuEngine raised shares of Ryanair Holdings PLC from a hold rating to a buy rating in a report on Tuesday, June 6th. Sanford C. Bernstein began coverage on shares of Ryanair Holdings PLC in a report on Monday, June 26th. They set an underperform rating and a $83.00 price objective on the stock. UBS AG downgraded shares of Ryanair Holdings PLC from a buy rating to a neutral rating in a report on Friday, June 2nd. Citigroup Inc. downgraded shares of Ryanair Holdings PLC from a buy rating to a neutral rating in a report on Wednesday, May 31st. Finally, Zacks Investment Research raised shares of Ryanair Holdings PLC from a sell rating to a buy rating and set a $109.00 price objective on the stock in a report on Saturday, May 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $100.33.

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) traded down 0.35% on Tuesday, reaching $115.35. 254,117 shares of the company were exchanged. Ryanair Holdings PLC has a 52-week low of $67.56 and a 52-week high of $116.01. The stock has a 50 day moving average of $110.70 and a 200-day moving average of $94.36.

Ryanair Holdings PLC (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.30. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.02 billion. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. Analysts expect that Ryanair Holdings PLC will post $7.32 EPS for the current fiscal year.

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Ryanair Holdings PLC announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 30th that allows the company to repurchase outstanding shares. This repurchase authorization allows the transportation company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Hedge funds have recently made changes to their positions in the stock. Janus Capital Management LLC increased its stake in shares of Ryanair Holdings PLC by 6.3% in the first quarter. Janus Capital Management LLC now owns 3,297,367 shares of the transportation company’s stock valued at $273,610,000 after buying an additional 195,986 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Ryanair Holdings PLC by 32.9% in the first quarter. JPMorgan Chase & Co. now owns 1,661,275 shares of the transportation company’s stock valued at $137,853,000 after buying an additional 411,479 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Ryanair Holdings PLC by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 1,376,756 shares of the transportation company’s stock valued at $114,245,000 after buying an additional 35,330 shares during the period. BlackRock Inc. increased its stake in shares of Ryanair Holdings PLC by 2,988.0% in the first quarter. BlackRock Inc. now owns 1,306,028 shares of the transportation company’s stock valued at $108,374,000 after buying an additional 1,263,734 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Ryanair Holdings PLC by 18.9% in the first quarter. American Century Companies Inc. now owns 1,226,359 shares of the transportation company’s stock valued at $101,763,000 after buying an additional 194,570 shares during the period. 38.72% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

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