Ryanair Holdings PLC (NASDAQ:RYAAY – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $53.36, but opened at $56.43. Ryanair shares last traded at $56.8610, with a volume of 379,158 shares.
Analysts Set New Price Targets
A number of research firms recently commented on RYAAY. Sanford C. Bernstein raised shares of Ryanair from a “market perform” rating to an “outperform” rating in a research note on Monday, April 13th. Erste Group Bank lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, March 12th. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.67.
Get Our Latest Report on RYAAY
Ryanair Stock Performance
Institutional Trading of Ryanair
A number of institutional investors and hedge funds have recently modified their holdings of RYAAY. Oppenheimer Asset Management Inc. increased its stake in Ryanair by 33.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock valued at $9,869,000 after acquiring an additional 41,065 shares during the period. JCIC Asset Management Inc. bought a new stake in Ryanair in the third quarter valued at about $4,160,000. Capula Management Ltd bought a new stake in Ryanair in the third quarter valued at about $1,235,000. Assetmark Inc. increased its stake in Ryanair by 151.0% in the fourth quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock valued at $25,672,000 after acquiring an additional 213,948 shares during the period. Finally, US Bancorp DE increased its stake in Ryanair by 10,134.5% in the third quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock valued at $2,108,000 after acquiring an additional 34,660 shares during the period. 43.66% of the stock is currently owned by institutional investors.
Ryanair Company Profile
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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