Ryanair (NASDAQ:RYAAY) Stock Rating Upgraded by Wall Street Zen

Key Points

• Ryanair's stock rating has been upgraded from "buy" to "strong-buy" by Wall Street Zen, indicating increased confidence from analysts.
• Despite mixed reviews from various analysts, Ryanair currently has an average rating of "Buy" and a consensus price target of $76.00.
• Ryanair reported financial results showing $1.74 earnings per share, surpassing estimates and indicating strong revenue growth with $5.07 billion for the quarter.

Ryanair (NASDAQ:RYAAY - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ryanair in a research note on Saturday, September 27th. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. The Goldman Sachs Group cut shares of Ryanair from a "buy" rating to a "neutral" rating in a report on Monday, September 8th. Raymond James Financial reiterated a "strong-buy" rating and set a $76.00 price target (up previously from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Finally, Zacks Research cut shares of Ryanair from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $76.00.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $59.50 on Friday. Ryanair has a fifty-two week low of $38.52 and a fifty-two week high of $67.18. The company has a 50 day simple moving average of $61.61 and a two-hundred day simple moving average of $55.21. The company has a market capitalization of $31.52 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 0.71 and a beta of 1.38. 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 (NASDAQ:RYAAY - Get Free Report) last announced its earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.25. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. Analysts expect that Ryanair will post 3.09 EPS for the current fiscal year.

Institutional Trading of Ryanair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RYAAY. Financial Management Professionals Inc. purchased a new stake in Ryanair in the 2nd quarter worth about $31,000. Parkside Financial Bank & Trust raised its position 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 purchased a new stake in Ryanair in the 2nd quarter worth about $39,000. Golden State Wealth Management LLC raised its position in Ryanair by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock worth $41,000 after purchasing an additional 481 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Ryanair by 1,158.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company's stock worth $43,000 after purchasing an additional 938 shares during the period. 43.66% of the stock is 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.

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