Brokerages Set Ryanair Holdings PLC (NASDAQ:RYAAY) Target Price at $76.00

Ryanair Holdings PLC (NASDAQ:RYAAY) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $76.00.

Several analysts recently issued reports on RYAAY shares. Wall Street Zen lowered Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. The Goldman Sachs Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ryanair in a report on Monday. Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research report on Tuesday, November 4th.

Ryanair Stock Performance

Shares of RYAAY opened at $68.40 on Tuesday. The company has a market capitalization of $35.99 billion, a PE ratio of 16.06, a PEG ratio of 0.66 and a beta of 1.39. 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 company’s 50 day moving average price is $61.58 and its 200 day moving average price is $59.95. Ryanair has a 52 week low of $38.52 and a 52 week high of $68.68.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.14. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $5.44 billion. Research analysts expect that Ryanair will post 3.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Ryanair

A number of large investors have recently bought and sold shares of RYAAY. Capital International Investors raised its holdings in Ryanair by 2.7% during the third quarter. Capital International Investors now owns 37,465,187 shares of the transportation company’s stock valued at $2,250,932,000 after buying an additional 1,002,457 shares in the last quarter. Capital World Investors increased its holdings in shares of Ryanair by 9.3% during the 3rd quarter. Capital World Investors now owns 30,738,934 shares of the transportation company’s stock valued at $1,851,043,000 after acquiring an additional 2,626,911 shares during the last quarter. Metropolis Capital Ltd raised its stake in shares of Ryanair by 0.8% in the 2nd quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock valued at $276,253,000 after acquiring an additional 36,559 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Ryanair by 7.3% in the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock valued at $165,630,000 after acquiring an additional 266,343 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Ryanair by 13.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company’s stock worth $191,291,000 after purchasing an additional 376,145 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors.

About Ryanair

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.