Ryanair Holdings plc (NASDAQ:RYAAY) Given Consensus Rating of “Buy” by Analysts

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) have earned a consensus rating of “Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $147.00.

RYAAY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, May 28th. Citigroup restated a “buy” rating on shares of Ryanair in a report on Wednesday, May 21st. Royal Bank of Canada restated an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st.

Institutional Investors Weigh In On Ryanair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYAAY. Price T Rowe Associates Inc. MD bought a new stake in Ryanair during the 1st quarter valued at about $118,071,000. Capital International Investors lifted its holdings in Ryanair by 6.1% during the 4th quarter. Capital International Investors now owns 38,800,258 shares of the transportation company’s stock valued at $1,691,536,000 after buying an additional 2,231,153 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Ryanair by 4.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock valued at $1,242,480,000 after buying an additional 1,233,059 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Ryanair by 47.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,128,742 shares of the transportation company’s stock valued at $136,382,000 after buying an additional 1,000,543 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Ryanair during the 4th quarter valued at about $39,816,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

Shares of NASDAQ:RYAAY opened at $57.60 on Tuesday. Ryanair has a 52 week low of $36.96 and a 52 week high of $57.68. The stock has a market capitalization of $30.64 billion, a P/E ratio of 17.66, a PEG ratio of 2.01 and a beta of 1.38. The firm has a fifty day simple moving average of $49.32 and a two-hundred day simple moving average of $46.67. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21.

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.