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

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $76.00.

A number of research analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research note on Tuesday, November 4th. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Monday. The Goldman Sachs Group cut Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryanair in a research note on Monday.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $72.50 on Friday. The stock has a market cap of $38.11 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.74 and a beta of 1.26. Ryanair has a twelve month low of $38.52 and a twelve month high of $72.61. The stock has a 50 day moving average of $64.73 and a two-hundred day moving average of $61.57. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.14. Ryanair had a net margin of 16.29% and a return on equity of 31.32%. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $5.44 billion. On average, research analysts forecast that Ryanair will post 3.09 earnings per share for the current year.

Hedge Funds Weigh In On Ryanair

Institutional investors have recently bought and sold shares of the company. AIA Group Ltd grew its position in Ryanair by 16.6% during the third quarter. AIA Group Ltd now owns 115,965 shares of the transportation company’s stock worth $6,983,000 after buying an additional 16,501 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Ryanair during the 3rd quarter worth approximately $640,000. Cantor Fitzgerald L. P. grew its holdings in shares of Ryanair by 9.1% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 37,194 shares of the transportation company’s stock worth $2,240,000 after acquiring an additional 3,113 shares during the period. JPMorgan Chase & Co. increased its stake in Ryanair by 13.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company’s stock valued at $191,291,000 after purchasing an additional 376,145 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares in the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

About Ryanair

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.