Wall Street Zen Upgrades Ryanair (NASDAQ:RYAAY) to "Buy"

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

Other research analysts have also issued reports about the company. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Citigroup reissued a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Ryanair in a research note on Wednesday, July 2nd. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Ryanair presently has an average rating of "Buy" and an average price target of $108.50.

Ryanair Price Performance

NASDAQ RYAAY traded up $0.49 on Friday, hitting $58.29. 1,019,737 shares of the company were exchanged, compared to its average volume of 1,643,763. Ryanair has a 1-year low of $36.96 and a 1-year high of $58.82. The firm has a 50 day moving average of $54.46 and a two-hundred day moving average of $48.31. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. The company has a market cap of $30.97 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.99 and a beta of 1.38.

Institutional Investors Weigh In On Ryanair

Institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD bought a new position in shares of Ryanair in the 1st quarter valued at $118,071,000. Capital International Investors raised its stake in Ryanair by 6.1% during the fourth quarter. Capital International Investors now owns 38,800,258 shares of the transportation company's stock worth $1,691,536,000 after acquiring an additional 2,231,153 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ryanair by 4.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company's stock worth $1,242,480,000 after acquiring an additional 1,233,059 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Ryanair by 47.0% in 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Ryanair during the 4th quarter valued at approximately $39,816,000. 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.