Ryanair Holdings PLC (NASDAQ:RYAAY) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Ryanair Holdings PLC received a consensus recommendation of "Buy" from eight analysts, with an average 1-year price target of $111.50.
• The company reported an earnings per share (EPS) of $1.74, exceeding analyst estimates of $1.49, along with revenue of $5.07 billion for the last quarter.
• Ryanair recently increased its dividend to $0.534 per share, marking a yield of 120.0%, with the ex-dividend date set for September 12th.

Ryanair Holdings PLC (NASDAQ:RYAAY - Get Free Report) has earned a consensus rating of "Buy" from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $111.50.

Several analysts have issued reports on RYAAY shares. Oddo Bhf raised Ryanair from an "underperform" rating to an "outperform" rating in a research note on Wednesday, July 16th. Raymond James Financial reiterated a "strong-buy" rating and issued a $76.00 price objective (up from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded Ryanair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Financial Management Professionals Inc. bought a new position in shares of Ryanair during the 2nd quarter valued at approximately $31,000. Parkside Financial Bank & Trust boosted its stake in Ryanair by 250.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company's stock worth $34,000 after purchasing an additional 424 shares during the period. Wealth Preservation Advisors LLC bought a new position in Ryanair in the 2nd quarter worth approximately $39,000. Evelyn Partners Investment Management Services Ltd boosted its stake in Ryanair by 40.4% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company's stock worth $44,000 after purchasing an additional 202 shares during the period. Finally, Maseco LLP bought a new position in Ryanair in the 2nd quarter worth approximately $53,000. 43.66% of the stock is currently owned by institutional investors.

Ryanair Stock Performance

Shares of NASDAQ RYAAY traded up $0.40 during mid-day trading on Friday, reaching $66.08. 1,362,126 shares of the company's stock were exchanged, compared to its average volume of 1,558,259. The firm has a market capitalization of $35.04 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. Ryanair has a 52 week low of $38.52 and a 52 week high of $67.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50-day moving average price of $59.81 and a two-hundred day moving average price of $52.04.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.16 billion. Analysts predict that Ryanair will post 3.09 EPS for the current year.

Ryanair Increases Dividend

The company also recently declared a -- dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.534 per share. The ex-dividend date is Friday, September 12th. This represents a dividend yield of 120.0%. This is an increase from Ryanair's previous -- dividend of $0.47. Ryanair's dividend payout ratio is presently 23.47%.

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.