Ryanair (NASDAQ:RYAAY) Raised to Buy at StockNews.com

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

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

Ryanair Price Performance

Shares of NASDAQ RYAAY traded down $0.30 during mid-day trading on Thursday, hitting $44.78. 486,014 shares of the stock were exchanged, compared to its average volume of 1,612,395. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $24.50 billion, a P/E ratio of 14.98, a PEG ratio of 2.57 and a beta of 1.54. The stock’s fifty day simple moving average is $66.30 and its two-hundred day simple moving average is $98.46. Ryanair has a twelve month low of $36.96 and a twelve month high of $60.29.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, November 4th. The transportation company reported $2.82 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 business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the firm posted $2.88 EPS. As a group, analysts forecast that Ryanair will post 2.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryanair

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC acquired a new position in Ryanair in the 1st quarter valued at approximately $29,000. Paradigm Asset Management Co. LLC increased its position in Ryanair by 87.5% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 350 shares during the period. GAMMA Investing LLC increased 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 acquiring an additional 646 shares during the period. Signaturefd LLC increased its position in 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 acquiring an additional 539 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Ryanair by 256.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 215 shares during the period. Institutional investors own 43.66% of the company’s stock.

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.