Morgan Stanley upgraded shares of Ryanair (NASDAQ:RYAAY) from an underweight rating to an equal weight rating in a report published on Tuesday, The Fly reports.
Several other analysts also recently weighed in on the company. ValuEngine upgraded Ryanair from a sell rating to a hold rating in a research note on Wednesday, October 2nd. TheStreet raised Ryanair from a c+ rating to a b- rating in a report on Wednesday, November 27th. Bank of America began coverage on Ryanair in a report on Monday, September 30th. They issued a buy rating for the company. BNP Paribas cut Ryanair from a neutral rating to an underperform rating in a report on Thursday, November 14th. Finally, Goldman Sachs Group began coverage on Ryanair in a report on Tuesday, November 19th. They issued a buy rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $79.67.
Shares of RYAAY traded down $1.21 during trading hours on Tuesday, hitting $92.64. 12,516 shares of the company were exchanged, compared to its average volume of 441,000. The company has a market cap of $21.65 billion, a PE ratio of 18.04 and a beta of 0.89. The firm’s 50 day moving average is $87.14 and its 200-day moving average is $72.39. Ryanair has a 52 week low of $55.75 and a 52 week high of $96.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27.
Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, November 4th. The transportation company reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.51. The company had revenue of $3.42 billion during the quarter. Ryanair had a return on equity of 17.73% and a net margin of 10.60%. As a group, equities analysts forecast that Ryanair will post 4.47 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. D.B. Root & Company LLC bought a new position in Ryanair in the 4th quarter valued at $375,000. CLARET ASSET MANAGEMENT Corp bought a new position in shares of Ryanair in the 4th quarter worth $207,000. Manning & Napier Group LLC boosted its position in shares of Ryanair by 240.3% in the 4th quarter. Manning & Napier Group LLC now owns 974,978 shares of the transportation company’s stock worth $85,416,000 after purchasing an additional 688,487 shares during the last quarter. FNY Investment Advisers LLC boosted its position in shares of Ryanair by 182.7% in the 4th quarter. FNY Investment Advisers LLC now owns 86,236 shares of the transportation company’s stock worth $7,555,000 after purchasing an additional 55,736 shares during the last quarter. Finally, Metropolis Capital Ltd boosted its position in shares of Ryanair by 13.8% in the 4th quarter. Metropolis Capital Ltd now owns 1,490,927 shares of the transportation company’s stock worth $130,620,000 after purchasing an additional 180,812 shares during the last quarter. Hedge funds and other institutional investors own 44.04% of the company’s stock.
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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