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

by · The Cerbat Gem

StockNews.com upgraded shares of Ryanair (NASDAQ:RYAAY – Free Report) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

RYAAY has been the subject of several other reports. 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 report on Friday, October 25th. Hsbc Global Res upgraded Ryanair 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. Finally, HSBC lowered Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and a consensus target price of $154.67.

Get Our Latest Research Report on Ryanair

Ryanair Trading Up 5.1 %

NASDAQ:RYAAY opened at $46.29 on Tuesday. The firm has a 50 day moving average of $75.40 and a 200 day moving average of $102.54. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. Ryanair has a 52 week low of $36.96 and a 52 week high of $60.29. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.67 and a beta of 1.54.

Ryanair (NASDAQ:RYAAY – Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a return on equity of 20.43% and a net margin of 12.07%. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the business earned $2.88 EPS. As a group, sell-side analysts anticipate that Ryanair will post 2.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ryanair

Several large investors have recently bought and sold shares of RYAAY. Mackenzie Financial Corp boosted its stake in shares of Ryanair by 826.7% in the second quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company’s stock worth $72,399,000 after acquiring an additional 554,680 shares during the last quarter. Scientech Research LLC boosted its stake in Ryanair by 306.5% during the 2nd quarter. Scientech Research LLC now owns 7,260 shares of the transportation company’s stock worth $845,000 after purchasing an additional 5,474 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Ryanair by 27.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 322,074 shares of the transportation company’s stock worth $37,502,000 after purchasing an additional 68,635 shares during the last quarter. Sprucegrove Investment Management Ltd. grew its holdings 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 worth $368,901,000 after buying an additional 368,800 shares in the last quarter. Finally, Trinity Street Asset Management LLP raised its position in shares of Ryanair by 154.4% in the third quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock valued at $169,685,000 after buying an additional 2,279,250 shares during the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Company Profile

(Get Free Report)

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.

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