HSBC upgraded shares of Ryanair (NASDAQ:RYAAY) from a reduce rating to a hold rating in a report issued on Tuesday, Briefing.com Automated Import reports.
Several other brokerages have also recently issued reports on RYAAY. BidaskClub upgraded Ryanair from a buy rating to a strong-buy rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lowered Ryanair from a neutral rating to an underweight rating in a report on Monday, July 29th. ValuEngine raised Ryanair from a sell rating to a hold rating in a report on Wednesday, October 2nd. Raymond James lowered their price objective on Ryanair from $80.00 to $77.00 and set an outperform rating on the stock in a report on Thursday, July 11th. Finally, Bank of America initiated coverage on Ryanair in a report on Monday, September 30th. They issued a buy rating on the stock. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $84.00.
Ryanair stock traded up $0.09 during midday trading on Tuesday, reaching $85.21. The company’s stock had a trading volume of 274,400 shares, compared to its average volume of 675,422. The company has a market cap of $18.58 billion, a P/E ratio of 16.58 and a beta of 0.85. Ryanair has a fifty-two week low of $55.75 and a fifty-two week high of $88.71. The business has a 50-day simple moving average of $71.52 and a 200-day simple moving average of $66.78. The company has a quick ratio of 1.08, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Manchester Financial Inc. purchased a new stake in shares of Ryanair during the 2nd quarter worth approximately $35,000. Pacer Advisors Inc. boosted its stake in shares of Ryanair by 51.3% during the 3rd quarter. Pacer Advisors Inc. now owns 531 shares of the transportation company’s stock worth $35,000 after acquiring an additional 180 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Ryanair during the 2nd quarter worth approximately $90,000. Westwood Holdings Group Inc. purchased a new stake in shares of Ryanair during the 2nd quarter worth approximately $114,000. Finally, Quest Capital Management Inc. ADV purchased a new stake in shares of Ryanair during the 3rd quarter worth approximately $123,000. 49.92% of the stock is currently owned by institutional investors.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.
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