Citigroup Inc. initiated coverage on shares of Ryanair Holdings PLC (NASDAQ:RYAAY) in a research report released on Monday, The Fly reports. The brokerage issued a buy rating on the transportation company’s stock.

RYAAY has been the subject of several other reports. Zacks Investment Research cut shares of Ryanair Holdings PLC from a buy rating to a hold rating in a research report on Wednesday, September 27th. BidaskClub cut shares of Ryanair Holdings PLC from a buy rating to a hold rating in a research report on Friday, August 25th. cut shares of Ryanair Holdings PLC from a buy rating to a reduce rating in a research report on Thursday, September 14th. Finally, Kepler Capital Markets cut shares of Ryanair Holdings PLC from a hold rating to a reduce rating in a research report on Thursday, September 21st. Four analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $96.00.

Ryanair Holdings PLC (RYAAY) opened at $120.05 on Monday. The company has a market cap of $28,791.81, a P/E ratio of 17.79, a P/E/G ratio of 0.68 and a beta of 0.59. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.62 and a quick ratio of 1.62. Ryanair Holdings PLC has a 52 week low of $78.35 and a 52 week high of $122.68.

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Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Ryanair Holdings PLC by 3.0% in the second quarter. FMR LLC now owns 14,021,784 shares of the transportation company’s stock valued at $1,508,884,000 after buying an additional 414,790 shares in the last quarter. Capital International Investors lifted its position in shares of Ryanair Holdings PLC by 0.3% during the third quarter. Capital International Investors now owns 4,450,328 shares of the transportation company’s stock valued at $469,154,000 after purchasing an additional 12,553 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Ryanair Holdings PLC during the second quarter valued at about $366,606,000. Renaissance Technologies LLC lifted its position in shares of 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 valued at $258,057,000 after purchasing an additional 126,255 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Ryanair Holdings PLC by 4.8% during the second quarter. Royal Bank of Canada now owns 2,020,013 shares of the transportation company’s stock valued at $217,374,000 after purchasing an additional 93,026 shares in the last quarter. 40.18% of the stock is currently owned by hedge funds and other 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.

The Fly

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

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