Ryanair (NASDAQ:RYAAY) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a buy rating in a report published on Tuesday.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Ryanair currently has a consensus rating of “Buy” and an average target price of $147.00.

Ryanair Price Performance

Shares of RYAAY opened at $54.09 on Tuesday. The firm has a market cap of $28.77 billion, a PE ratio of 16.58, a PEG ratio of 2.01 and a beta of 1.37. The firm’s 50 day moving average price is $46.34 and its 200 day moving average price is $45.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. Ryanair has a twelve month low of $36.96 and a twelve month high of $54.97.

Hedge Funds Weigh In On Ryanair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RYAAY. Park Avenue Securities LLC bought a new position in shares of Ryanair in the fourth quarter valued at approximately $294,000. Perpetual Ltd raised its position in shares of Ryanair by 539.8% in the fourth quarter. Perpetual Ltd now owns 988,490 shares of the transportation company’s stock valued at $43,088,000 after purchasing an additional 833,988 shares during the period. SG Americas Securities LLC bought a new position in shares of Ryanair in the fourth quarter valued at approximately $3,729,000. Rothschild & Co Wealth Management UK Ltd raised its position in shares of Ryanair by 3.1% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 2,544,142 shares of the transportation company’s stock valued at $110,899,000 after purchasing an additional 76,198 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Ryanair by 4.1% in the fourth quarter. Inspire Investing LLC now owns 41,269 shares of the transportation company’s stock valued at $1,799,000 after purchasing an additional 1,628 shares during the period. Institutional investors own 43.66% of the company’s stock.

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.