Ryanair Holdings PLC (NASDAQ:RYAAY) Receives $73.97 Average Price Target from Analysts

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $73.9750.

Several equities analysts have recently weighed in on RYAAY shares. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Zacks Research lowered shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Morgan Stanley assumed coverage on shares of Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price objective for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th.

Ryanair Stock Up 1.2%

Ryanair stock opened at $56.13 on Thursday. The business’s 50-day moving average price is $60.68 and its 200 day moving average price is $60.53. The firm has a market cap of $29.13 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16. Ryanair has a 52 week low of $53.14 and a 52 week high of $74.24.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. Equities analysts expect that Ryanair will post 4.32 EPS for the current year.

Ryanair Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 7th will be given a dividend of $0.4434 per share. The ex-dividend date is Friday, August 7th. Ryanair’s dividend payout ratio (DPR) is 24.52%.

Insider Buying and Selling at Ryanair

In related news, insider John Jh Hurley sold 15,000 shares of Ryanair stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $31.24, for a total value of $468,600.00. Following the completion of the transaction, the insider owned 76,025 shares in the company, valued at $2,375,021. The trade was a 16.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of Ryanair

Several institutional investors have recently bought and sold shares of RYAAY. CIBC Private Wealth Group LLC raised its stake in shares of Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after buying an additional 348 shares during the period. Pin Oak Investment Advisors Inc. grew its stake in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 209 shares during the period. Brown Brothers Harriman & Co. grew its stake in Ryanair by 2,929.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 498 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after acquiring an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in Ryanair by 64.9% in the 4th quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock worth $47,000 after acquiring an additional 257 shares in the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Company Profile

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.