Ryanair (NASDAQ:RYAAY) Upgraded by Sanford C. Bernstein to “Outperform” Rating

Sanford C. Bernstein upgraded shares of Ryanair (NASDAQ:RYAAY) from a market perform rating to an outperform rating in a research report report published on Monday morning, MarketBeat Ratings reports.

Several other analysts also recently weighed in on the company. Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, March 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Ryanair has an average rating of “Moderate Buy” and a consensus target price of $75.67.

Ryanair Stock Down 0.4%

Shares of Ryanair stock opened at $62.14 on Monday. The business has a 50-day moving average of $63.32 and a 200-day moving average of $65.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $32.51 billion, a PE ratio of 12.48, a P/E/G ratio of 0.52 and a beta of 1.26. Ryanair has a 1-year low of $44.08 and a 1-year high of $74.24.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.16 billion. Ryanair had a return on equity of 29.76% and a net margin of 15.04%. As a group, equities analysts forecast that Ryanair will post 3.09 EPS for the current fiscal year.

Institutional Trading of Ryanair

Institutional investors and hedge funds have recently modified their holdings of the business. USA Financial Formulas acquired a new stake in shares of Ryanair during the third quarter worth $26,000. CIBC Private Wealth Group LLC raised its holdings in shares of Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after purchasing an additional 348 shares during the period. Pin Oak Investment Advisors Inc. raised its holdings in shares of Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after purchasing an additional 209 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after purchasing an additional 498 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Ryanair by 1,057.4% in the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after acquiring an additional 497 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

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.