Ryanair (NASDAQ:RYAAY) Upgraded at Wall Street Zen

Key Points

• Ryanair's stock rating has been upgraded by Wall Street Zen from "buy" to "strong-buy," following a positive outlook from several analysts.
• The company reported earnings of $1.74 per share, exceeding expectations, and generated revenues of $5.07 billion, significantly higher than the $4.16 billion consensus estimate.
• Analysts currently maintain a consensus target price of $111.50 for Ryanair shares, with a strong overall buy rating from the majority of research firms.

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

RYAAY has been the subject of several other reports. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $76.00 price target (up from $70.00) on shares of Ryanair in a report on Wednesday. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research note on Wednesday, July 16th. Finally, Citigroup reissued a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Six research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $111.50.

Ryanair Stock Performance

Ryanair stock opened at $63.79 on Friday. Ryanair has a 12-month low of $38.39 and a 12-month high of $63.91. The company has a market capitalization of $33.85 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.74. The firm's fifty day moving average price is $57.16 and its 200 day moving average price is $49.75.

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

Institutional Trading of Ryanair

Several large investors have recently modified their holdings of the company. Capital International Investors raised its stake in Ryanair by 6.1% during the 4th quarter. Capital International Investors now owns 38,800,258 shares of the transportation company's stock valued at $1,691,536,000 after purchasing an additional 2,231,153 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ryanair by 4.4% during the 1st 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 purchasing an additional 1,233,059 shares during the last quarter. Brave Warrior Advisors LLC raised its stake in Ryanair by 9.8% during the 4th quarter. Brave Warrior Advisors LLC now owns 5,604,258 shares of the transportation company's stock valued at $244,290,000 after purchasing an additional 500,239 shares during the last quarter. Metropolis Capital Ltd raised its stake in Ryanair by 0.8% during the 2nd quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company's stock valued at $276,253,000 after purchasing an additional 36,559 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Ryanair by 7.3% during the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company's stock valued at $165,630,000 after purchasing an additional 266,343 shares during the last quarter. 43.66% of the stock is owned by 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.

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.