Ryanair (NASDAQ:RYAAY) PT Set at $70.00 by Raymond James Financial

Raymond James Financial set a $70.00 price objective on Ryanair (NASDAQ:RYAAY - Free Report) in a report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a strong-buy rating on the transportation company's stock.

RYAAY has been the subject of several other research reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Citigroup restated a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Wall Street Zen cut Ryanair from a "buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft raised Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $108.50.

Ryanair Stock Performance

NASDAQ RYAAY traded down $0.45 on Wednesday, hitting $57.82. 571,596 shares of the stock traded hands, compared to its average volume of 1,647,678. The business's fifty day moving average is $53.98 and its two-hundred day moving average is $48.08. The firm has a market capitalization of $30.72 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 0.99 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 0.74. Ryanair has a 12 month low of $36.96 and a 12 month high of $58.55.

Hedge Funds Weigh In On Ryanair

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors boosted its holdings in Ryanair by 6.1% in the fourth quarter. Capital International Investors now owns 38,800,258 shares of the transportation company's stock valued at $1,691,536,000 after acquiring an additional 2,231,153 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Ryanair by 4.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company's stock valued at $1,242,480,000 after buying an additional 1,233,059 shares during the period. Brave Warrior Advisors LLC raised its stake in Ryanair by 9.8% in the fourth quarter. Brave Warrior Advisors LLC now owns 5,604,258 shares of the transportation company's stock worth $244,290,000 after buying an additional 500,239 shares in the last quarter. Metropolis Capital Ltd boosted its position in Ryanair by 3.5% during the 1st quarter. Metropolis Capital Ltd now owns 4,753,672 shares of the transportation company's stock valued at $201,413,000 after acquiring an additional 160,542 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Ryanair by 7.3% during the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company's stock valued at $165,630,000 after acquiring an additional 266,343 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

About Ryanair

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.