StockNews.com Upgrades Ryanair (NASDAQ:RYAAY) to Buy

StockNews.com upgraded shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a buy rating in a report issued on Tuesday morning.

A number of other brokerages also recently issued reports on RYAAY. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Citigroup upgraded Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Hsbc Global Res upgraded Ryanair to a “hold” rating in a report on Friday, July 12th. HSBC lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Ryanair has a consensus rating of “Moderate Buy” and an average target price of $154.67.

Ryanair Stock Performance

NASDAQ RYAAY opened at $46.29 on Tuesday. Ryanair has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The firm has a market capitalization of $25.32 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 2.67 and a beta of 1.54. The stock’s fifty day moving average is $75.40 and its two-hundred day moving average is $102.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a net margin of 12.07% and a return on equity of 20.43%. The firm had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the prior year, the company posted $2.88 EPS. On average, research analysts anticipate that Ryanair will post 2.92 earnings per share for the current year.

Hedge Funds Weigh In On Ryanair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its stake in shares of Ryanair by 175.7% in the 3rd quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock valued at $1,063,939,000 after buying an additional 15,008,023 shares during the period. Capital International Investors lifted its stake in Ryanair by 34.9% in the first quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock worth $2,099,700,000 after acquiring an additional 3,734,770 shares during the last quarter. Capital World Investors grew its holdings in Ryanair by 30.0% during the 1st quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock worth $1,759,590,000 after acquiring an additional 2,791,513 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Ryanair by 2.0% in the 2nd 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 last quarter. Finally, Metropolis Capital Ltd raised its holdings in shares of Ryanair by 177.4% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

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.