Ryanair (NASDAQ:RYAAY) Stock Rating Upgraded by Wall Street Zen

Ryanair (NASDAQ:RYAAY) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other research analysts have also issued reports on the stock. Zacks Research lowered shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryanair in a research report on Saturday, September 27th. The Goldman Sachs Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $76.00 price target (up from $70.00) on shares of Ryanair in a research report on Wednesday, July 23rd. Finally, Oddo Bhf upgraded shares of Ryanair from an “underperform” rating to an “outperform” rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $76.00.

Ryanair Stock Down 0.8%

Shares of NASDAQ RYAAY opened at $59.50 on Friday. The firm has a market capitalization of $31.52 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. Ryanair has a 1 year low of $38.52 and a 1 year high of $67.18. The firm’s 50-day moving average is $61.61 and its 200-day moving average is $55.32.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.25. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. Equities analysts expect that Ryanair will post 3.09 EPS for the current year.

Institutional Trading of Ryanair

Several hedge funds have recently bought and sold shares of the stock. Evelyn Partners Investment Management Services Ltd raised its holdings in Ryanair by 40.4% during the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock worth $44,000 after buying an additional 202 shares during the period. Avantax Advisory Services Inc. raised its holdings in Ryanair by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company’s stock worth $343,000 after buying an additional 206 shares during the period. Benjamin Edwards Inc. raised its holdings in Ryanair by 3.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock worth $336,000 after buying an additional 217 shares during the period. SG Americas Securities LLC raised its holdings in Ryanair by 0.3% during the 1st quarter. SG Americas Securities LLC now owns 85,781 shares of the transportation company’s stock worth $3,635,000 after buying an additional 240 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Ryanair by 13.2% during the 1st quarter. GAMMA Investing LLC now owns 2,278 shares of the transportation company’s stock worth $97,000 after acquiring an additional 265 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Company Profile

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.