Ryanair (NASDAQ:RYAAY) Rating Lowered to Hold at Wall Street Zen

Ryanair (NASDAQ:RYAAY) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other research firms also recently weighed in on RYAAY. Sanford C. Bernstein downgraded shares of Ryanair from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Monday, December 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ryanair in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Ryanair Trading Up 0.1%

Shares of NASDAQ:RYAAY opened at $70.97 on Friday. The business’s 50 day moving average price is $69.03 and its 200-day moving average price is $64.13. Ryanair has a 1 year low of $38.52 and a 1 year high of $74.24. The firm has a market capitalization of $37.26 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71.

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

Institutional Trading of Ryanair

Hedge funds and other institutional investors have recently modified their holdings of the stock. USA Financial Formulas acquired a new position in shares of Ryanair during the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC raised its stake in 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. boosted its holdings in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares during the last quarter. UMB Bank n.a. grew its stake 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 valued at $33,000 after buying an additional 497 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Ryanair by 250.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock valued at $34,000 after buying an additional 424 shares during the period. 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.