Ryanair (NASDAQ:RYAAY) Upgraded to “Buy” at StockNews.com

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

RYAAY has been the topic of a number of other research reports. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Sanford C. Bernstein lowered their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. The Goldman Sachs Group raised Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Citigroup raised Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Hsbc Global Res upgraded shares of Ryanair to a “hold” rating in a research report on Friday, July 12th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.67.

Ryanair Stock Performance

NASDAQ RYAAY opened at $45.68 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.81 and a debt-to-equity ratio of 0.22. Ryanair has a 52-week low of $36.96 and a 52-week high of $60.29. The business’s 50-day moving average price is $71.58 and its 200 day moving average price is $101.10. The firm has a market cap of $24.99 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.66 and a beta of 1.54.

Ryanair (NASDAQ:RYAAY) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the prior year, the business earned $2.88 EPS. On average, equities research analysts expect that Ryanair will post 2.96 earnings per share for the current year.

Institutional Trading of Ryanair

Several large investors have recently modified their holdings of the business. Mackenzie Financial Corp lifted its holdings in Ryanair by 826.7% in the second quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company’s stock worth $72,399,000 after acquiring an additional 554,680 shares during the last quarter. Scientech Research LLC increased its stake in shares of Ryanair by 306.5% in the second quarter. Scientech Research LLC now owns 7,260 shares of the transportation company’s stock valued at $845,000 after purchasing an additional 5,474 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Ryanair by 27.1% in the second quarter. The Manufacturers Life Insurance Company now owns 322,074 shares of the transportation company’s stock valued at $37,502,000 after purchasing an additional 68,635 shares during the period. Sprucegrove Investment Management Ltd. increased its stake in shares of Ryanair by 13.2% in the second quarter. Sprucegrove Investment Management Ltd. now owns 3,168,162 shares of the transportation company’s stock valued at $368,901,000 after purchasing an additional 368,800 shares during the period. Finally, Trinity Street Asset Management LLP increased its stake in shares of Ryanair by 154.4% in the third quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock valued at $169,685,000 after purchasing an additional 2,279,250 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

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.