Ryanair (NASDAQ:RYAAY) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Ryanair (NASDAQ:RYAAY) from a buy rating to a hold rating in a report published on Sunday morning.

Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein downgraded shares of Ryanair from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryanair in a report on Wednesday, October 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $76.00 price objective (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Ryanair presently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Ryanair Price Performance

Shares of RYAAY stock traded up $0.64 during trading hours on Friday, hitting $64.45. The company had a trading volume of 649,596 shares, compared to its average volume of 1,390,558. Ryanair has a 12 month low of $38.52 and a 12 month high of $67.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. The firm’s fifty day moving average is $60.31 and its 200 day moving average is $58.58. The firm has a market capitalization of $34.03 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.66 and a beta of 1.39.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.62 by $0.14. Ryanair had a return on equity of 27.91% and a net margin of 14.42%.The business had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $5.44 billion. On average, sell-side analysts predict that Ryanair will post 3.09 EPS for the current fiscal year.

Institutional Trading of Ryanair

A number of hedge funds and other institutional investors have recently bought and sold shares of RYAAY. USA Financial Formulas bought a new position in shares of Ryanair in the third quarter valued at $26,000. Financial Management Professionals Inc. acquired a new stake in shares of Ryanair in the 2nd quarter worth about $31,000. UMB Bank n.a. lifted its position in Ryanair by 1,057.4% in the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 497 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Ryanair by 250.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 424 shares during the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new position in Ryanair during the 2nd quarter valued at about $39,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.