Ryanair (NASDAQ:RYAAY) Stock Rating Upgraded by StockNews.com

Ryanair (NASDAQ:RYAAY) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

RYAAY has been the subject of several other research reports. UBS Group raised Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Monday. Citigroup upgraded Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Sanford C. Bernstein decreased their price target on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $154.67.

Ryanair Stock Performance

RYAAY traded up $0.50 during trading on Thursday, hitting $45.08. 1,475,060 shares of the company traded hands, compared to its average volume of 1,617,492. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.22. The firm has a market cap 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. Ryanair has a one year low of $36.96 and a one year high of $60.29. The stock’s fifty day moving average is $67.66 and its 200 day moving average is $98.84.

Ryanair (NASDAQ:RYAAY) last posted 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 analysts’ expectations of $5.59 billion. During the same period last year, the business posted $2.88 earnings per share. As a group, equities analysts predict that Ryanair will post 2.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Gallacher Capital Management LLC lifted its holdings in shares of Ryanair by 4.1% in the 2nd quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock valued at $442,000 after buying an additional 150 shares during the period. Transcendent Capital Group LLC acquired a new position in Ryanair during the first quarter worth $29,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in Ryanair by 0.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock worth $2,939,000 after buying an additional 212 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after buying an additional 215 shares in the last quarter. Finally, Catalytic Wealth RIA LLC grew its position in shares of Ryanair by 15.3% in the first quarter. Catalytic Wealth RIA LLC now owns 2,005 shares of the transportation company’s stock valued at $292,000 after purchasing an additional 266 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

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.