Ryanair Holdings plc (NASDAQ:RYAAY) Given Consensus Rating of “Buy” by Brokerages

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) have been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and four have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $154.67.

Several brokerages recently issued reports on RYAAY. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Citigroup raised Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Sanford C. Bernstein cut their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $45.02 on Friday. The business’s 50 day moving average is $62.23 and its 200-day moving average is $95.92. The firm has a market cap of $24.50 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 2.59 and a beta of 1.54. Ryanair has a 1-year low of $36.96 and a 1-year high of $60.29. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data 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 net margin of 11.38% and a return on equity of 19.92%. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the firm earned $2.88 EPS. Equities research analysts predict that Ryanair will post 2.97 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in shares of Ryanair by 231.0% during the 1st quarter. BNP Paribas Financial Markets now owns 4,713 shares of the transportation company’s stock worth $686,000 after buying an additional 3,289 shares in the last quarter. US Bancorp DE grew its position in Ryanair by 2.1% during the first quarter. US Bancorp DE now owns 14,954 shares of the transportation company’s stock valued at $2,177,000 after buying an additional 305 shares during the period. Catalytic Wealth RIA LLC raised its position in Ryanair by 15.3% in the first quarter. Catalytic Wealth RIA LLC now owns 2,005 shares of the transportation company’s stock worth $292,000 after acquiring an additional 266 shares during the period. CANADA LIFE ASSURANCE Co raised its position in Ryanair by 1.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 765,826 shares of the transportation company’s stock worth $111,733,000 after acquiring an additional 13,166 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Ryanair during the 1st quarter worth approximately $50,000. Hedge funds and other 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.