Ryanair Holdings PLC (NASDAQ:RYAAY) Given Average Recommendation of “Buy” by Brokerages

Ryanair Holdings PLC (NASDAQ:RYAAY) has received a consensus rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $76.00.

Several equities research analysts have recently issued reports on RYAAY shares. The Goldman Sachs Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Citigroup restated a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of Ryanair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ryanair in a report on Wednesday, October 8th.

Ryanair Stock Performance

NASDAQ:RYAAY opened at $61.55 on Friday. The firm has a market capitalization of $32.50 billion, a PE ratio of 14.45, a PEG ratio of 0.66 and a beta of 1.38. Ryanair has a 1 year low of $38.52 and a 1 year high of $67.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. The firm’s fifty day simple moving average is $60.39 and its 200 day simple moving average is $57.63.

Hedge Funds Weigh In On Ryanair

Several institutional investors and hedge funds have recently added to or reduced their stakes in RYAAY. Blue Trust Inc. raised its stake in shares of Ryanair by 3.8% in the 3rd quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock valued at $304,000 after buying an additional 186 shares in the last quarter. Evelyn Partners Investment Management Services Ltd boosted its position in shares of Ryanair by 40.4% during the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 202 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Ryanair by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company’s stock valued at $343,000 after acquiring an additional 206 shares during the period. Benjamin Edwards Inc. raised its position in Ryanair by 3.9% in the second quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock worth $336,000 after purchasing an additional 217 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Ryanair by 2.9% during the third quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock worth $484,000 after purchasing an additional 225 shares during the period. 43.66% of the stock is currently owned by institutional investors.

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.