Ryanair (NASDAQ:RYAAY) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, October 15th, BidAskClub reports.
A number of other research analysts have also recently commented on RYAAY. JPMorgan Chase & Co. cut Ryanair from a “neutral” rating to an “underweight” rating in a report on Monday, July 29th. Raymond James reduced their price objective on Ryanair from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, July 11th. Credit Suisse Group downgraded Ryanair from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 23rd. Societe Generale downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Bank of America initiated coverage on Ryanair in a research note on Monday, September 30th. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $84.00.
NASDAQ RYAAY traded up $0.09 during trading on Tuesday, hitting $85.21. 274,400 shares of the company’s stock traded hands, compared to its average volume of 675,422. The business has a 50 day moving average of $71.52 and a 200-day moving average of $66.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.08 and a current ratio of 1.27. Ryanair has a 12-month low of $55.75 and a 12-month high of $88.71. The stock has a market capitalization of $18.58 billion, a price-to-earnings ratio of 16.58 and a beta of 0.85.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GYL Financial Synergies LLC bought a new position in Ryanair in the 1st quarter valued at $224,000. Metropolis Capital Ltd grew its position in Ryanair by 39.0% in the 2nd quarter. Metropolis Capital Ltd now owns 1,095,696 shares of the transportation company’s stock valued at $70,278,000 after acquiring an additional 307,671 shares during the last quarter. Scout Investments Inc. grew its position in Ryanair by 9.1% in the 2nd quarter. Scout Investments Inc. now owns 296,449 shares of the transportation company’s stock valued at $19,014,000 after acquiring an additional 24,846 shares during the last quarter. Diversified Trust Co grew its position in Ryanair by 67.5% in the 2nd quarter. Diversified Trust Co now owns 40,862 shares of the transportation company’s stock valued at $2,621,000 after acquiring an additional 16,463 shares during the last quarter. Finally, CWM Advisors LLC grew its position in Ryanair by 28.0% in the 2nd quarter. CWM Advisors LLC now owns 8,652 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 1,890 shares during the last quarter. 49.92% 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, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.
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