HSBC Holdings plc upgraded shares of Ryanair Holdings PLC (NASDAQ:RYAAY) from a hold rating to a buy rating in a research report report published on Tuesday, Marketbeat.com reports.

RYAAY has been the subject of several other research reports. Sanford C. Bernstein started coverage on shares of Ryanair Holdings PLC in a research note on Monday, June 26th. They issued an underperform rating and a $83.00 price objective for the company. Zacks Investment Research downgraded shares of Ryanair Holdings PLC from a hold rating to a sell rating in a research note on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) upgraded shares of Ryanair Holdings PLC from a neutral rating to a buy rating and upped their price objective for the company from $67.56 to $109.00 in a research note on Thursday, June 15th. Citigroup Inc. downgraded shares of Ryanair Holdings PLC from a buy rating to a neutral rating in a research note on Wednesday, May 31st. Finally, ValuEngine downgraded shares of Ryanair Holdings PLC from a buy rating to a hold rating in a research note on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $100.33.

Ryanair Holdings PLC (NASDAQ RYAAY) opened at 115.35 on Tuesday. Ryanair Holdings PLC has a 52 week low of $67.22 and a 52 week high of $116.01.

Ryanair Holdings PLC (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.02 billion. Equities analysts predict 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 approved a share repurchase plan on Tuesday, May 30th that allows the company to repurchase shares. This repurchase authorization allows the transportation company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Several large investors have recently made changes to their positions in RYAAY. Financial Counselors Inc. boosted its stake in shares of Ryanair Holdings PLC by 1.0% in the first quarter. Financial Counselors Inc. now owns 4,880 shares of the transportation company’s stock worth $405,000 after buying an additional 46 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ryanair Holdings PLC by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after buying an additional 98 shares during the last quarter. Huntington National Bank boosted its stake in shares of Ryanair Holdings PLC by 4.3% in the first quarter. Huntington National Bank now owns 2,722 shares of the transportation company’s stock worth $226,000 after buying an additional 111 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Ryanair Holdings PLC by 0.7% in the first quarter. World Asset Management Inc now owns 15,676 shares of the transportation company’s stock worth $1,301,000 after buying an additional 112 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its stake in shares of Ryanair Holdings PLC by 1.1% in the second quarter. Wright Investors Service Inc. now owns 11,087 shares of the transportation company’s stock worth $1,193,000 after buying an additional 126 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Ryanair Holdings PLC Company Profile

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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