Ryanair (NASDAQ:RYAAY) Downgraded to “Hold” Rating by Zacks Research

Ryanair (NASDAQ:RYAAY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently commented on RYAAY. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $71.00 price objective on shares of Ryanair in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

Ryanair Price Performance

RYAAY opened at $69.63 on Wednesday. The stock has a fifty day moving average price of $69.49 and a 200 day moving average price of $65.20. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair has a 1 year low of $38.52 and a 1 year high of $74.24. The stock has a market cap of $36.51 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.63 and a beta of 1.23.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. Ryanair had a return on equity of 29.76% and a net margin of 15.04%.The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.16 billion. Analysts forecast that Ryanair will post 3.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RYAAY. JCIC Asset Management Inc. acquired a new stake in shares of Ryanair during the 3rd quarter worth approximately $4,160,000. Oppenheimer Asset Management Inc. lifted its position in Ryanair by 33.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock worth $9,869,000 after purchasing an additional 41,065 shares during the period. Truist Financial Corp lifted its position in Ryanair by 192.8% in the third quarter. Truist Financial Corp now owns 21,741 shares of the transportation company’s stock worth $1,309,000 after purchasing an additional 14,316 shares during the period. ABC Arbitrage SA boosted its stake in Ryanair by 21.4% during the third quarter. ABC Arbitrage SA now owns 121,668 shares of the transportation company’s stock worth $7,327,000 after buying an additional 21,431 shares in the last quarter. Finally, Summit Global Investments bought a new stake in Ryanair in the 2nd quarter valued at $1,289,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.