Ryanair (NASDAQ:RYAAY) Rating Increased to Buy at BidaskClub

Ryanair (NASDAQ:RYAAY) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday, BidAskClub reports.

Several other research firms also recently weighed in on RYAAY. Raymond James downgraded shares of Ryanair from a “strong-buy” rating to an “outperform” rating and set a $90.00 target price for the company. in a research note on Friday, September 4th. Liberum Capital cut shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Monday, September 14th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Ryanair in a research note on Tuesday, July 28th. Barclays reaffirmed an “overweight” rating on shares of Ryanair in a research note on Friday, August 14th. Finally, JPMorgan Chase & Co. raised shares of Ryanair from a “neutral” rating to an “overweight” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.00.

NASDAQ RYAAY opened at $85.35 on Friday. The company has a market capitalization of $19.21 billion, a PE ratio of 75.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day simple moving average of $80.91 and a 200 day simple moving average of $68.17. Ryanair has a 52-week low of $44.44 and a 52-week high of $96.79.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, July 27th. The transportation company reported ($0.94) earnings per share for the quarter, topping the consensus estimate of ($1.15) by $0.21. The firm had revenue of $137.83 million during the quarter, compared to the consensus estimate of $138.60 million. Ryanair had a net margin of 3.61% and a return on equity of 10.45%. As a group, analysts forecast that Ryanair will post -4.3 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in RYAAY. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Ryanair by 178.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 52,627 shares of the transportation company’s stock worth $3,491,000 after acquiring an additional 33,738 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Ryanair by 11.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,904 shares of the transportation company’s stock worth $126,000 after acquiring an additional 191 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Ryanair in the 2nd quarter worth approximately $582,000. State Street Corp lifted its holdings in shares of Ryanair by 21.9% in the 1st quarter. State Street Corp now owns 88,058 shares of the transportation company’s stock worth $4,675,000 after acquiring an additional 15,821 shares during the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Ryanair by 3.7% during the 2nd quarter. Natixis Advisors L.P. now owns 123,751 shares of the transportation company’s stock valued at $8,210,000 after buying an additional 4,362 shares during the last quarter. Institutional investors and hedge funds own 44.15% 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, 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.

Read More: What is channel trading?

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.