Analysts Set Ryanair Holdings PLC (NASDAQ:RYAAY) Price Target at $78.33

Shares of Ryanair Holdings PLC (NASDAQ:RYAAYGet Free Report) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $78.3333.

RYAAY has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Citigroup restated a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. Zacks Research cut shares of Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein set a $79.00 price objective on shares of Ryanair in a research report on Monday, July 6th.

Read Our Latest Report on Ryanair

Insiders Place Their Bets

In other news, insider John Jh Hurley sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the transaction, the insider owned 76,025 shares in the company, valued at approximately $2,375,021. This represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason Paul Mcguinness sold 12,562 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $326,737.62. Following the sale, the insider owned 24,304 shares in the company, valued at approximately $632,147.04. The trade was a 34.07% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 126,607 shares of company stock valued at $3,386,997.

Hedge Funds Weigh In On Ryanair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LVW Advisors LLC increased its holdings in shares of Ryanair by 2.6% in the 4th quarter. LVW Advisors LLC now owns 6,276 shares of the transportation company’s stock worth $453,000 after purchasing an additional 158 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ryanair by 39.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Strategic Investment Advisors MI lifted its holdings in shares of Ryanair by 4.9% during the first quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 184 shares in the last quarter. One Wealth Advisors LLC boosted its position in shares of Ryanair by 3.1% during the fourth quarter. One Wealth Advisors LLC now owns 6,225 shares of the transportation company’s stock valued at $449,000 after buying an additional 185 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Ryanair by 41.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the transportation company’s stock valued at $48,000 after buying an additional 197 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $64.63 on Wednesday. The company has a 50 day simple moving average of $60.07 and a two-hundred day simple moving average of $63.34. Ryanair has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The company has a market capitalization of $33.63 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90.

Ryanair (NASDAQ:RYAAYGet Free Report) last issued its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. Analysts expect that Ryanair will post 4.36 EPS for the current fiscal year.

About Ryanair

(Get Free Report)

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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