Ryanair (NASDAQ:RYAAY) Upgraded to Strong-Buy at Zacks Research

Key Points

• Ryanair has been upgraded to a strong-buy rating by Zacks Research, marking a positive shift from its previous "hold" rating.
• The company reported earnings of $1.74 per share for the last quarter, exceeding analysts' estimates of $1.49 and showcasing a revenue of $5.07 billion, significantly higher than the expected $4.16 billion.
• A total of three research analysts have rated the stock as strong buy, while six others provided a "buy" rating, contributing to a consensus rating of "buy" with an average target price of $111.50.

Ryanair (NASDAQ:RYAAY - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Citigroup reissued a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $111.50.

Ryanair Trading Down 5.0%

NASDAQ RYAAY opened at $62.68 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $33.24 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.09 and a beta of 1.36. The company's 50-day simple moving average is $61.10 and its two-hundred day simple moving average is $52.87. Ryanair has a one year low of $38.52 and a one year 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. The business had revenue of $5.07 billion for 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%. Equities analysts forecast that Ryanair will post 3.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryanair

Several large investors have recently made changes to their positions in the company. Evelyn Partners Investment Management Services Ltd lifted its stake in shares of Ryanair by 40.4% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company's stock valued at $44,000 after purchasing an additional 202 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Ryanair by 2.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company's stock valued at $343,000 after purchasing an additional 206 shares during the period. Benjamin Edwards Inc. increased its holdings in Ryanair by 3.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company's stock worth $336,000 after acquiring an additional 217 shares in the last quarter. Vident Advisory LLC increased its holdings in Ryanair by 2.4% in the 4th quarter. Vident Advisory LLC now owns 10,006 shares of the transportation company's stock worth $436,000 after acquiring an additional 230 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Ryanair by 0.3% in the 1st quarter. SG Americas Securities LLC now owns 85,781 shares of the transportation company's stock worth $3,635,000 after acquiring an additional 240 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

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.

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