Ryanair Holdings plc (NASDAQ:RYAAY) Given Consensus Recommendation of “Buy” by Analysts

Ryanair Holdings plc (NASDAQ:RYAAY) has been assigned a consensus recommendation of “Buy” from the twenty brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $79.00.

RYAAY has been the topic of a number of research analyst reports. UBS Group reissued a “buy” rating on shares of Ryanair in a research note on Wednesday, May 20th. Barclays reissued an “overweight” rating on shares of Ryanair in a research note on Tuesday, July 28th. Zacks Investment Research raised shares of Ryanair from a “strong sell” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, May 26th. Raymond James boosted their price target on shares of Ryanair from $68.00 to $90.00 and gave the company a “strong-buy” rating in a research note on Thursday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research note on Tuesday, July 28th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank increased its position in shares of Ryanair by 6.1% in the 2nd quarter. Comerica Bank now owns 13,032 shares of the transportation company’s stock valued at $941,000 after purchasing an additional 751 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in shares of Ryanair by 7.0% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 172,800 shares of the transportation company’s stock valued at $11,464,000 after purchasing an additional 11,310 shares during the last quarter. Altium Wealth Management LLC increased its position in shares of Ryanair by 53.1% in the 2nd quarter. Altium Wealth Management LLC now owns 6,638 shares of the transportation company’s stock valued at $440,000 after purchasing an additional 2,301 shares during the last quarter. Calamos Wealth Management LLC purchased a new stake in shares of Ryanair in the 2nd quarter valued at approximately $473,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Ryanair by 178.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 52,627 shares of the transportation company’s stock valued at $3,491,000 after purchasing an additional 33,738 shares during the last quarter. 43.80% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:RYAAY traded down $1.00 on Tuesday, hitting $75.00. The stock had a trading volume of 572,403 shares, compared to its average volume of 578,210. The company has a quick ratio of 0.82, a current ratio of 0.67 and a debt-to-equity ratio of 0.60. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 66.37 and a beta of 1.32. The company has a fifty day moving average price of $69.69 and a two-hundred day moving average price of $70.27. Ryanair has a 1-year low of $44.44 and a 1-year high of $96.79.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, July 27th. The transportation company reported ($0.94) earnings per share for the quarter, beating the consensus estimate of ($1.15) by $0.21. The company had revenue of $137.83 million for the quarter, compared to analyst estimates of $138.60 million. Ryanair had a net margin of 3.61% and a return on equity of 10.45%. As a group, analysts anticipate that Ryanair will post -3.76 earnings per share for the current year.

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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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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