Brokerages Set Ryanair Holdings plc (NASDAQ:RYAAY) Target Price at $154.67

Ryanair Holdings plc (NASDAQ:RYAAY) has been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $154.67.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Capital International Investors raised its stake in shares of Ryanair by 34.9% in 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 acquiring an additional 3,734,770 shares in the last quarter. Capital World Investors raised its stake in Ryanair by 30.0% in 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 buying an additional 2,791,513 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ryanair by 2.0% in 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 buying an additional 183,584 shares in the last quarter. Sprucegrove Investment Management Ltd. raised its stake in Ryanair by 13.2% in 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 buying an additional 368,800 shares in the last quarter. Finally, Metropolis Capital Ltd raised its stake in Ryanair by 33.3% in the second quarter. Metropolis Capital Ltd now owns 1,444,041 shares of the transportation company’s stock valued at $168,144,000 after buying an additional 360,917 shares in the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Stock Up 0.0 %

Shares of Ryanair stock opened at $111.50 on Friday. Ryanair has a 12-month low of $87.18 and a 12-month high of $150.73. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $24.86 billion, a P/E ratio of 12.23, a PEG ratio of 1.46 and a beta of 1.55. The stock has a 50 day moving average price of $107.95 and a two-hundred day moving average price of $124.81.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, July 22nd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($1.20). Ryanair had a net margin of 12.07% and a return on equity of 20.43%. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.32 billion. Equities analysts expect that Ryanair will post 7.95 earnings per share for the current year.

Ryanair Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 9th will be paid a $0.692 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 1.8%. Ryanair’s dividend payout ratio (DPR) is 20.50%.

About Ryanair

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.