Ryanair (NASDAQ:RYAAY) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Ryanair (NASDAQ:RYAAY) from a buy rating to a hold rating in a research note released on Tuesday morning.

Other research analysts have also issued reports about the company. UBS Group raised Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Ryanair Trading Up 2.6 %

Shares of NASDAQ:RYAAY opened at $47.42 on Tuesday. 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 firm has a market capitalization of $25.63 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.97 and a beta of 1.50. The business’s 50-day moving average is $44.16 and its 200 day moving average is $69.18. Ryanair has a 1 year low of $36.96 and a 1 year high of $60.29.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. On average, research analysts predict that Ryanair will post 2.96 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, March 10th. Investors of record on Friday, January 17th will be issued a $0.4677 dividend. This represents a yield of 4.2%. The ex-dividend date of this dividend is Friday, January 17th. Ryanair’s payout ratio is 33.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in shares of Ryanair by 188.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock valued at $1,231,762,000 after buying an additional 17,810,361 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Ryanair by 175.7% in the 3rd quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock valued at $1,063,939,000 after acquiring an additional 15,008,023 shares during the last quarter. FMR LLC lifted its stake in Ryanair by 35.3% in the 3rd quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock worth $394,631,000 after purchasing an additional 2,279,679 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Ryanair by 169.7% in the 3rd quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company’s stock worth $284,893,000 after purchasing an additional 3,967,436 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its holdings in shares of Ryanair by 14.7% during the 4th quarter. Metropolis Capital Ltd now owns 4,593,130 shares of the transportation company’s stock worth $200,215,000 after purchasing an additional 587,023 shares during the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

About Ryanair

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.