Ryanair (NASDAQ:RYAAY) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Ryanair (NASDAQ:RYAAY) from a sell rating to a hold rating in a research note issued to investors on Wednesday, ValuEngine reports.

Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of Ryanair from a hold rating to a buy rating in a report on Tuesday, October 1st. Societe Generale downgraded shares of Ryanair from a buy rating to a hold rating in a report on Tuesday, August 6th. Canaccord Genuity downgraded shares of Ryanair from a buy rating to a hold rating in a report on Wednesday, June 5th. Credit Suisse Group downgraded shares of Ryanair from a neutral rating to an underperform rating in a report on Tuesday, July 23rd. Finally, Raymond James dropped their target price on shares of Ryanair from $80.00 to $77.00 and set an outperform rating for the company in a report on Thursday, July 11th. Six analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $75.33.

NASDAQ:RYAAY traded down $0.01 during mid-day trading on Wednesday, hitting $66.20. 457,933 shares of the company’s stock traded hands, compared to its average volume of 534,009. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50 day simple moving average is $60.87 and its 200 day simple moving average is $66.96. Ryanair has a 1 year low of $55.75 and a 1 year high of $89.03. The company has a market cap of $14.90 billion, a PE ratio of 12.88 and a beta of 0.82.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.06. Ryanair had a net margin of 10.47% and a return on equity of 18.39%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.60 billion. On average, research analysts expect that Ryanair will post 4.08 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the business. Atria Investments LLC boosted its position in shares of Ryanair by 368,237.8% in the second quarter. Atria Investments LLC now owns 11,591,591 shares of the transportation company’s stock worth $11,592,000 after acquiring an additional 11,588,444 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Ryanair by 39.6% in the first quarter. Lazard Asset Management LLC now owns 6,533,662 shares of the transportation company’s stock worth $489,632,000 after acquiring an additional 1,854,616 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Ryanair by 25.4% in the second quarter. Janus Henderson Group PLC now owns 2,979,797 shares of the transportation company’s stock worth $191,124,000 after acquiring an additional 603,738 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Ryanair by 9.0% in the second quarter. Baillie Gifford & Co. now owns 7,198,559 shares of the transportation company’s stock worth $461,715,000 after acquiring an additional 594,607 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Ryanair by 33.2% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,288,450 shares of the transportation company’s stock worth $146,781,000 after acquiring an additional 569,880 shares during the last quarter. 49.04% of the stock is currently owned by institutional investors.

Ryanair Company Profile

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.

Further Reading: Sell-Side Analysts

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

Receive News & Ratings for Ryanair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryanair and related companies with MarketBeat.com's FREE daily email newsletter.