Ryanair (NASDAQ:RYAAY) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Ryanair's stock has received a new "buy (B)" rating from Weiss Ratings, reaffirming its positive outlook in the market.
• The company's earnings report showed an EPS of $1.74, exceeding the consensus estimate by $0.25, with revenues of $5.07 billion.
• Currently, Ryanair has a consensus rating of "Buy" with an average price target of $76.00, supported by multiple investment firm upgrades and downgrades.

Ryanair (NASDAQ:RYAAY - Get Free Report)'s stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded Ryanair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 4th. The Goldman Sachs Group lowered Ryanair from a "buy" rating to a "neutral" rating in a research note on Monday, September 8th. Raymond James Financial reiterated a "strong-buy" rating and issued a $76.00 target price (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Oddo Bhf upgraded Ryanair from an "underperform" rating to an "outperform" rating in a research note on Wednesday, July 16th. Finally, Zacks Research lowered Ryanair from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $76.00.

Ryanair Stock Performance

Ryanair stock opened at $61.96 on Wednesday. The firm has a market capitalization of $32.82 billion, a P/E ratio of 14.54, a PEG ratio of 0.72 and a beta of 1.38. The stock has a fifty day moving average price of $61.51 and a 200 day moving average price of $55.50. Ryanair has a 52 week low of $38.52 and a 52 week high of $67.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02.

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

Institutional Investors Weigh In On Ryanair

A number of large investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Ryanair by 4.4% in 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 in the last quarter. Metropolis Capital Ltd grew its stake in shares of Ryanair by 0.8% in the second quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company's stock valued at $276,253,000 after buying an additional 36,559 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Ryanair by 7.3% in the first quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company's stock valued at $165,630,000 after buying an additional 266,343 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ryanair by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company's stock valued at $161,499,000 after buying an additional 539,256 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Ryanair in the first quarter valued at about $118,071,000. Institutional investors and hedge funds own 43.66% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.