Ryanair (NASDAQ:RYAAY) was upgraded by analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports.
RYAAY has been the topic of a number of other reports. ValuEngine downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. BidaskClub downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Citigroup started coverage on Ryanair in a research report on Monday, November 20th. They set a “buy” rating on the stock. Zacks Investment Research raised Ryanair from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Finally, Kepler Capital Markets downgraded Ryanair from a “hold” rating to a “reduce” rating in a research report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $96.00.
Shares of Ryanair (NASDAQ:RYAAY) traded up $1.09 during trading hours on Monday, hitting $110.61. The stock had a trading volume of 325,700 shares, compared to its average volume of 323,050. The firm has a market capitalization of $22,200.00, a P/E ratio of 15.60, a P/E/G ratio of 0.81 and a beta of 0.59. Ryanair has a 12 month low of $78.35 and a 12 month high of $127.35. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.79.
A number of hedge funds have recently added to or reduced their stakes in the stock. Mountain Capital Investment Advisors Inc acquired a new stake in Ryanair during the second quarter valued at approximately $112,000. Quantbot Technologies LP acquired a new stake in Ryanair during the third quarter valued at approximately $151,000. Dynamic Technology Lab Private Ltd acquired a new stake in Ryanair during the third quarter valued at approximately $235,000. USA Financial Portformulas Corp acquired a new stake in Ryanair during the third quarter valued at approximately $255,000. Finally, Private Advisor Group LLC boosted its holdings in Ryanair by 1.6% during the second quarter. Private Advisor Group LLC now owns 2,461 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 38 shares in the last quarter. 40.31% of the stock is currently owned by institutional investors and hedge funds.
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Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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