Ryanair Holdings plc (NASDAQ:RYAAY) Receives $154.67 Consensus Price Target from Brokerages

Ryanair Holdings plc (NASDAQ:RYAAY) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $154.67.

Several equities analysts have weighed in on the stock. Sanford C. Bernstein decreased their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. HSBC downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Citigroup raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Hsbc Global Res raised shares of Ryanair to a “hold” rating in a research report on Friday, July 12th.

Ryanair Stock Down 0.9 %

RYAAY stock opened at $45.21 on Monday. The firm has a market cap of $24.73 billion, a PE ratio of 14.76, a P/E/G ratio of 2.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s fifty day moving average is $85.98 and its 200 day moving average is $108.86. Ryanair has a one year low of $34.87 and a one year high of $60.29.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, July 22nd. The transportation company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Ryanair had a return on equity of 20.43% and a net margin of 12.07%. On average, research analysts forecast that Ryanair will post 2.97 EPS for the current year.

Ryanair Cuts Dividend

The firm also recently announced 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 dividend payout ratio (DPR) is currently 33.94%.

Institutional Investors Weigh In On Ryanair

A number of hedge funds and other institutional investors have recently modified their holdings of RYAAY. Capital International Investors lifted its position in Ryanair by 34.9% during the first quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock valued at $2,099,700,000 after buying an additional 3,734,770 shares in the last quarter. Capital World Investors raised its stake in shares of Ryanair by 30.0% during the first quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock valued at $1,759,590,000 after purchasing an additional 2,791,513 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Ryanair by 2.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,453,075 shares of the transportation company’s stock valued at $1,100,716,000 after purchasing an additional 183,584 shares during the period. Metropolis Capital Ltd raised its stake in shares of Ryanair by 177.4% during the third quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock valued at $180,996,000 after purchasing an additional 2,562,066 shares during the period. Finally, Sprucegrove Investment Management Ltd. raised its stake in shares of Ryanair by 13.2% during the second quarter. Sprucegrove Investment Management Ltd. now owns 3,168,162 shares of the transportation company’s stock valued at $368,901,000 after purchasing an additional 368,800 shares during the period. 43.66% 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, 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.