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

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $75.6667.

A number of research firms have recently weighed in on RYAAY. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research note on Thursday, January 8th. Weiss Ratings raised Ryanair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, March 12th. Finally, Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th.

Ryanair Stock Performance

RYAAY opened at $58.48 on Monday. The firm has a 50 day simple moving average of $65.49 and a 200 day simple moving average of $64.98. Ryanair has a fifty-two week low of $38.52 and a fifty-two week high of $74.24. The company has a market cap of $30.60 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.16 billion. On average, sell-side analysts anticipate that Ryanair will post 3.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JCIC Asset Management Inc. bought a new position in shares of Ryanair during the third quarter worth $4,160,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Ryanair by 33.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock valued at $9,869,000 after buying an additional 41,065 shares during the period. Capula Management Ltd bought a new stake in shares of Ryanair in the 3rd quarter valued at $1,235,000. US Bancorp DE increased its position in shares of Ryanair by 10,134.5% in the 3rd quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock valued at $2,108,000 after buying an additional 34,660 shares in the last quarter. Finally, Truist Financial Corp raised its stake in Ryanair by 192.8% during the 3rd quarter. Truist Financial Corp now owns 21,741 shares of the transportation company’s stock worth $1,309,000 after buying an additional 14,316 shares during the period. Institutional investors own 43.66% of the company’s stock.

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.