Ryanair's (RYAAY) Strong-Buy Rating Reaffirmed at Raymond James Financial

Ryanair (NASDAQ:RYAAY - Get Free Report)'s stock had its "strong-buy" rating reiterated by equities researchers at Raymond James Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $76.00 price objective on the transportation company's stock, up from their previous price objective of $70.00. Raymond James Financial's price target would indicate a potential upside of 22.14% from the company's current price.

A number of other analysts have also issued reports on the company. Wall Street Zen upgraded Ryanair from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Oddo Bhf upgraded Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $111.50.

Ryanair Price Performance

Shares of RYAAY stock traded down $0.40 on Wednesday, reaching $62.22. The company's stock had a trading volume of 1,433,303 shares, compared to its average volume of 1,606,026. Ryanair has a 1 year low of $38.39 and a 1 year high of $62.95. The company has a market capitalization of $33.02 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The stock's fifty day simple moving average is $56.88 and its 200-day simple moving average is $49.62. The company has a current ratio of 0.66, a quick ratio of 0.74 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, topping 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 analysts' expectations of $4.16 billion. Analysts forecast that Ryanair will post 3.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ryanair

Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD purchased a new stake in Ryanair during the first quarter valued at approximately $118,071,000. Capital International Investors lifted its holdings in shares of 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 lifted its holdings in shares of 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. Alliancebernstein L.P. lifted its holdings in shares of Ryanair by 47.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,128,742 shares of the transportation company's stock valued at $136,382,000 after purchasing an additional 1,000,543 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Ryanair during the 4th quarter valued at $39,816,000. 43.66% of the stock is currently 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.