Ryanair Holdings PLC (NASDAQ:RYAAY) Given Average Rating of "Buy" by Analysts

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Get Free Report) have been given an average rating of "Buy" by the nine brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $111.50.

RYAAY has been the topic of several recent analyst reports. Oddo Bhf raised Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. Citigroup reissued a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Wall Street Zen raised Ryanair from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st.

Ryanair Stock Performance

Shares of NASDAQ RYAAY traded up $0.41 during midday trading on Wednesday, hitting $63.03. 2,144,542 shares of the company's stock were exchanged, compared to its average volume of 1,615,001. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.74. The stock's 50 day moving average price is $56.88 and its 200-day moving average price is $49.62. The firm has a market cap of $33.45 billion, a P/E ratio of 14.80, a PEG ratio of 1.03 and a beta of 1.38. Ryanair has a twelve month low of $38.39 and a twelve month high of $62.95.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.25. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. Equities research analysts anticipate that Ryanair will post 3.09 EPS for the current year.

Hedge Funds Weigh In On Ryanair

Institutional investors and hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. boosted its holdings in Ryanair by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company's stock worth $343,000 after purchasing an additional 206 shares in the last quarter. Vident Advisory LLC boosted its holdings in Ryanair by 2.4% in the fourth quarter. Vident Advisory LLC now owns 10,006 shares of the transportation company's stock worth $436,000 after purchasing an additional 230 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Ryanair by 0.3% in the first quarter. SG Americas Securities LLC now owns 85,781 shares of the transportation company's stock worth $3,635,000 after purchasing an additional 240 shares in the last quarter. GAMMA Investing LLC lifted its position in Ryanair by 13.2% during the 1st quarter. GAMMA Investing LLC now owns 2,278 shares of the transportation company's stock worth $97,000 after acquiring an additional 265 shares during the last quarter. Finally, CWM LLC lifted its position in Ryanair by 39.8% during the 1st quarter. CWM LLC now owns 1,191 shares of the transportation company's stock worth $50,000 after acquiring an additional 339 shares during the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Company Profile

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.