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

Ryanair Holdings plc (NASDAQ:RYAAY) has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and four have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $154.67.

Several equities research analysts have weighed in on the stock. 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 report on Thursday, August 29th. Barclays upgraded Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group raised Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Citigroup raised Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Ryanair in the 1st quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its stake in shares of Ryanair by 256.0% in the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after buying an additional 215 shares during the period. Advisors Asset Management Inc. bought a new position in Ryanair in the 1st quarter valued at approximately $50,000. Ridgewood Investments LLC bought a new position in Ryanair in the 2nd quarter valued at approximately $50,000. Finally, Paradigm Asset Management Co. LLC boosted its position in Ryanair by 87.5% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock worth $34,000 after buying an additional 350 shares during the period. 43.66% of the stock is owned by institutional investors.

Ryanair Price Performance

RYAAY opened at $45.08 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $24.66 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. The company’s 50 day simple moving average is $67.66 and its 200-day simple moving average is $98.84. Ryanair has a one year low of $36.96 and a one year high of $60.29.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% 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 firm earned $2.88 EPS. Sell-side analysts anticipate that Ryanair will post 2.97 earnings per share for the current fiscal year.

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.