Ryanair (NASDAQ:RYAAY) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Ryanair to a "strong sell" from a "hold" in a note to investors.
• Despite that downgrade, the MarketBeat consensus is a Moderate Buy with a $75.67 price target and most analysts rating the stock buy/outperform; shares opened at $54.47 (52‑week range $49.39–$74.24) and trade at a P/E of 10.94.

Ryanair (NASDAQ:RYAAY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Thursday,Zacks.com reports.

RYAAY has been the topic of a number of other reports. Sanford C. Bernstein upgraded shares of Ryanair from a "market perform" rating to an "outperform" rating in a research note on Monday, April 13th. Weiss Ratings cut shares of Ryanair from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, April 6th. Evercore raised shares of Ryanair from an "in-line" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Ryanair in a report on Thursday, January 15th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ryanair in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $75.67.

Ryanair Trading Down 0.3%

Shares of RYAAY stock opened at $54.47 on Thursday. Ryanair has a 52-week low of $49.39 and a 52-week high of $74.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day simple moving average of $60.95 and a two-hundred day simple moving average of $64.96. The company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.55 and a beta of 1.26.

Hedge Funds Weigh In On Ryanair

A number of large investors have recently added to or reduced their stakes in the business. LVW Advisors LLC raised its position in Ryanair by 2.6% in the 4th quarter. LVW Advisors LLC now owns 6,276 shares of the transportation company's stock worth $453,000 after purchasing an additional 158 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company's stock worth $42,000 after acquiring an additional 165 shares during the last quarter. One Wealth Advisors LLC grew its holdings in Ryanair by 3.1% in the 4th quarter. One Wealth Advisors LLC now owns 6,225 shares of the transportation company's stock worth $449,000 after acquiring an additional 185 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Ryanair by 41.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the transportation company's stock valued at $48,000 after purchasing an additional 197 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its stake in shares of Ryanair by 1.1% during the 4th quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company's stock valued at $1,310,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe's largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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