Ryanair (NASDAQ:RYAAY) Downgraded to Neutral Rating by The Goldman Sachs Group

Key Points

• Ryanair has been downgraded by The Goldman Sachs Group from a "buy" rating to a "neutral" rating, indicating a shift in analyst sentiment.
• Despite the downgrade, Ryanair maintains a consensus rating of "Buy" among analysts, with a target price of $76.00 per share.
• The company recently reported earnings of $1.74 per share, exceeding analysts' expectations, with a revenue of $5.07 billion for the quarter.

Ryanair (NASDAQ:RYAAY - Get Free Report) was downgraded by analysts at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a report released on Monday,Finviz reports.

A number of other brokerages also recently issued reports on RYAAY. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. Royal Bank Of Canada reiterated 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 note on Wednesday, May 21st. Finally, Zacks Research upgraded shares of Ryanair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $76.00.

Ryanair Price Performance

Shares of RYAAY opened at $60.51 on Monday. The business's 50-day moving average is $61.92 and its two-hundred day moving average is $53.79. The company has a market capitalization of $32.09 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.72 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. Ryanair has a fifty-two week low of $38.52 and a fifty-two week high of $67.18.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its earnings results on Monday, July 21st. The transportation company reported $1.74 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 firm had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $4.16 billion. Research analysts predict that Ryanair will post 3.09 earnings per share for the current year.

Institutional Trading of Ryanair

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp raised its stake in shares of Ryanair by 231.0% in the 4th quarter. Northern Trust Corp now owns 179,902 shares of the transportation company's stock valued at $7,842,000 after buying an additional 125,551 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Ryanair by 1,917.1% in the 4th quarter. Jane Street Group LLC now owns 100,857 shares of the transportation company's stock valued at $4,396,000 after purchasing an additional 95,857 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Ryanair by 996.3% during the fourth quarter. BNP Paribas Financial Markets now owns 56,096 shares of the transportation company's stock valued at $2,445,000 after purchasing an additional 50,979 shares during the period. Cetera Investment Advisers raised its holdings in Ryanair by 23.5% during the 4th quarter. Cetera Investment Advisers now owns 13,572 shares of the transportation company's stock worth $592,000 after buying an additional 2,582 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Ryanair by 52.4% in the fourth quarter. Millennium Management LLC now owns 548,227 shares of the transportation company's stock valued at $23,897,000 after purchasing an additional 188,575 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

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.

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