Ryanair (NASDAQ:RYAAY) Cut to Hold at Deutsche Bank

Deutsche Bank lowered shares of Ryanair (NASDAQ:RYAAY) from a buy rating to a hold rating in a research note published on Tuesday morning, Briefing.com Automated Import reports.

A number of other equities analysts have also commented on RYAAY. Bank of America started coverage on shares of Ryanair in a research note on Monday, September 30th. They issued a buy rating for the company. Credit Suisse Group lowered shares of Ryanair from a neutral rating to an underperform rating in a research note on Tuesday, July 23rd. ValuEngine raised shares of Ryanair from a sell rating to a hold rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered shares of Ryanair from a neutral rating to an underweight rating in a research note on Monday, July 29th. Finally, Societe Generale lowered shares of Ryanair from a buy rating to a hold rating in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $84.00.

Shares of NASDAQ RYAAY traded up $0.09 during mid-day trading on Tuesday, reaching $85.21. 274,400 shares of the company traded hands, compared to its average volume of 675,422. The stock has a fifty day simple moving average of $71.52 and a 200-day simple moving average of $66.78. Ryanair has a fifty-two week low of $55.75 and a fifty-two week high of $88.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.08. The firm has a market cap of $18.58 billion, a PE ratio of 16.58 and a beta of 0.85.

A number of hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Investment Management Company LLC lifted its position in Ryanair by 4.9% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,671 shares of the transportation company’s stock worth $1,040,000 after buying an additional 725 shares in the last quarter. Comgest Global Investors S.A.S. lifted its position in Ryanair by 86.8% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 125,700 shares of the transportation company’s stock worth $8,344,000 after buying an additional 58,400 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Ryanair by 21.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,363,263 shares of the transportation company’s stock worth $555,152,000 after buying an additional 1,492,971 shares in the last quarter. SG Americas Securities LLC lifted its position in Ryanair by 120.1% in the 3rd quarter. SG Americas Securities LLC now owns 34,817 shares of the transportation company’s stock worth $2,311,000 after buying an additional 18,996 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Ryanair by 1.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 85,559 shares of the transportation company’s stock worth $5,629,000 after buying an additional 1,079 shares in the last quarter. Institutional investors own 49.92% of the company’s stock.

About Ryanair

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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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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