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

Ryanair (NASDAQ:RYAAY) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

RYAAY has been the subject of several other reports. Sanford C. Bernstein cut their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Finally, HSBC downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $154.67.

Ryanair Trading Down 0.9 %

Ryanair stock opened at $45.88 on Tuesday. The firm has a 50-day moving average of $74.14 and a 200-day moving average of $102.14. Ryanair has a one year low of $36.96 and a one year high of $60.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $25.10 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 2.58 and a beta of 1.54.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data 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 20.01% 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 quarter in the prior year, the company earned $2.88 earnings per share. On average, equities analysts expect that Ryanair will post 2.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Comgest Global Investors S.A.S. increased its stake in Ryanair by 99.1% in the third quarter. Comgest Global Investors S.A.S. now owns 295,385 shares of the transportation company’s stock valued at $13,345,000 after acquiring an additional 146,990 shares during the last quarter. Natixis Advisors LLC increased its stake in Ryanair by 12.4% in the third quarter. Natixis Advisors LLC now owns 393,030 shares of the transportation company’s stock valued at $17,757,000 after acquiring an additional 43,449 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Ryanair by 149.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 4,898 shares of the transportation company’s stock valued at $221,000 after acquiring an additional 2,934 shares during the last quarter. CIBC Asset Management Inc increased its stake in Ryanair by 122.1% in the third quarter. CIBC Asset Management Inc now owns 95,621 shares of the transportation company’s stock valued at $4,320,000 after acquiring an additional 52,566 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in Ryanair by 155.7% in the third quarter. OneDigital Investment Advisors LLC now owns 7,105 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 4,326 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

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.