Ryanair (NASDAQ:RYAAY) Upgraded at StockNews.com
Ryanair (NASDAQ:RYAAY – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.
Separately, TheStreet raised shares of Ryanair from a “c” rating to a “b” rating in a report on Friday. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ryanair has an average rating of “Buy” and a consensus price target of $59.00.
View Our Latest Stock Report on Ryanair
Ryanair Stock Down 0.5 %
RYAAY stock traded down $0.63 during midday trading on Tuesday, reaching $120.83. 847,155 shares of the company’s stock traded hands, compared to its average volume of 444,413. The company has a market cap of $27.52 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.81 and a beta of 1.53. The firm’s fifty day moving average price is $102.20 and its 200-day moving average price is $102.98. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.31. Ryanair has a 52 week low of $73.50 and a 52 week high of $121.78.
Ryanair (NASDAQ:RYAAY – Get Free Report) last posted its earnings results on Monday, November 6th. The transportation company reported $7.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $0.08. Ryanair had a net margin of 17.65% and a return on equity of 34.37%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.14 billion. As a group, sell-side analysts forecast that Ryanair will post 8.87 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Ryanair
A number of institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ryanair by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,320,082 shares of the transportation company’s stock worth $1,003,215,000 after buying an additional 259,703 shares in the last quarter. Causeway Capital Management LLC increased its position in shares of Ryanair by 20.1% in the first quarter. Causeway Capital Management LLC now owns 9,242,910 shares of the transportation company’s stock worth $871,514,000 after purchasing an additional 1,544,957 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Ryanair by 3.4% in the second quarter. Baillie Gifford & Co. now owns 8,262,199 shares of the transportation company’s stock worth $913,799,000 after purchasing an additional 273,942 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Ryanair by 12.0% in the second quarter. Lazard Asset Management LLC now owns 6,684,059 shares of the transportation company’s stock worth $739,256,000 after purchasing an additional 715,572 shares during the last quarter. Finally, FMR LLC increased its position in shares of Ryanair by 66.5% in the first quarter. FMR LLC now owns 5,171,527 shares of the transportation company’s stock worth $487,623,000 after purchasing an additional 2,064,931 shares during the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.
Ryanair Company Profile (Get Free Report)
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.
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Original: MarketBeat News Feed: Ryanair (NASDAQ:RYAAY) Upgraded at StockNews.com