Analysts Set Ryanair Holdings plc (NASDAQ:RYAAY) Target Price at $154.67

Ryanair Holdings plc (NASDAQ:RYAAY) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $154.67.

RYAAY has been the topic of a number of analyst reports. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Sanford C. Bernstein decreased their price objective 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. The Goldman Sachs Group raised Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. HSBC downgraded Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday.

Ryanair Trading Up 1.1 %

NASDAQ:RYAAY opened at $45.06 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. Ryanair has a 12 month low of $34.87 and a 12 month high of $60.29. The company has a 50-day moving average price of $84.81 and a 200-day moving average price of $108.42. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 4.94, a P/E/G ratio of 2.63 and a beta of 1.54.

Ryanair Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, August 9th were issued a dividend of $0.692 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 1.8%. Ryanair’s payout ratio is currently 11.29%.

Institutional Investors Weigh In On Ryanair

Large investors have recently modified their holdings of the business. Trinity Street Asset Management LLP raised its position in shares of Ryanair by 154.4% in the 3rd quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock worth $169,685,000 after acquiring an additional 2,279,250 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Ryanair during the 3rd quarter worth approximately $57,000. Covenant Partners LLC increased its position in Ryanair by 150.0% during the 3rd quarter. Covenant Partners LLC now owns 10,655 shares of the transportation company’s stock valued at $481,000 after buying an additional 6,393 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Ryanair by 13.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,112 shares of the transportation company’s stock valued at $321,000 after purchasing an additional 848 shares in the last quarter. Finally, Silchester International Investors LLP lifted its stake in shares of Ryanair by 207.7% during the third quarter. Silchester International Investors LLP now owns 110,672 shares of the transportation company’s stock worth $5,000,000 after buying an additional 74,700 shares during the period. Institutional investors own 43.66% of the company’s stock.

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.