Ryanair (NASDAQ:RYAAY) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a buy rating in a report released on Thursday.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. UBS Group raised Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Sanford C. Bernstein reduced their target price on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Barclays upgraded Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Finally, Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $154.67.

Ryanair Trading Down 0.5 %

RYAAY opened at $44.87 on Thursday. Ryanair has a 1-year low of $36.96 and a 1-year high of $60.29. The firm has a market capitalization of $24.55 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.59 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $64.95 and its two-hundred day simple moving average is $97.26.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% and a net margin of 11.38%. The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the business earned $2.88 earnings per share. Analysts expect that Ryanair will post 2.97 EPS for the current fiscal year.

Institutional Trading of Ryanair

A number of institutional investors and hedge funds have recently bought and sold shares of RYAAY. Transcendent Capital Group LLC purchased a new stake in shares of Ryanair during the first quarter worth $29,000. Paradigm Asset Management Co. LLC increased its holdings in Ryanair by 87.5% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock worth $34,000 after purchasing an additional 350 shares during the period. GAMMA Investing LLC raised its position in Ryanair by 261.5% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 646 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Ryanair by 153.1% in the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock valued at $40,000 after buying an additional 539 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after buying an additional 215 shares in the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.