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

Ryanair (NASDAQ:RYAAY) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. Two 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.com, the company presently has an average rating of “Buy” and a consensus target price of $147.00.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $55.05 on Tuesday. The company has a market capitalization of $29.28 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.01 and a beta of 1.37. Ryanair has a 1-year low of $36.96 and a 1-year high of $55.63. The firm’s 50 day simple moving average is $46.50 and its two-hundred day simple moving average is $45.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86.

Institutional Trading of Ryanair

A number of large investors have recently modified their holdings of RYAAY. National Bank of Canada FI lifted its position in shares of Ryanair by 198.6% in the 4th quarter. National Bank of Canada FI now owns 657 shares of the transportation company’s stock worth $29,000 after purchasing an additional 437 shares during the period. Golden State Wealth Management LLC boosted its position in Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 481 shares in the last quarter. R Squared Ltd purchased a new position in shares of Ryanair in the 4th quarter valued at $42,000. EverSource Wealth Advisors LLC raised its position in shares of Ryanair by 32.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company’s stock worth $42,000 after acquiring an additional 236 shares in the last quarter. Finally, Redwood Park Advisors LLC bought a new stake in Ryanair during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

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.