Ryanair (RYAAY) Lifted to Market Perform at Sanford C. Bernstein
Sanford C. Bernstein upgraded shares of Ryanair (NASDAQ:RYAAY) from an underperform rating to a market perform rating in a report released on Monday morning, MarketBeat.com reports.
Several other analysts have also recently weighed in on the stock. Credit Suisse Group cut shares of Ryanair from an outperform rating to a neutral rating in a research report on Monday, December 18th. cut shares of Ryanair from a buy rating to a reduce rating in a research report on Thursday, September 14th. ValuEngine cut shares of Ryanair from a buy rating to a hold rating in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of Ryanair from a sell rating to a hold rating in a research report on Wednesday, November 29th. Finally, BidaskClub cut shares of Ryanair from a buy rating to a hold rating in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $96.00.
Ryanair (NASDAQ:RYAAY) traded up $1.09 during trading on Monday, hitting $110.61. 325,744 shares of the stock traded hands, compared to its average volume of 323,050. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $21,970.00, a PE ratio of 15.51, a P/E/G ratio of 0.81 and a beta of 0.59. Ryanair has a 12-month low of $78.35 and a 12-month high of $127.35.
Large investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its position in Ryanair by 0.9% in the 2nd quarter. Franklin Resources Inc. now owns 236,776 shares of the transportation company’s stock worth $25,480,000 after purchasing an additional 2,039 shares during the period. Capital International Investors raised its position in Ryanair by 0.3% in the 3rd quarter. Capital International Investors now owns 4,450,328 shares of the transportation company’s stock worth $469,154,000 after purchasing an additional 12,553 shares during the period. Janus Henderson Group PLC bought a new stake in Ryanair in the 2nd quarter worth $366,606,000. USA Financial Portformulas Corp bought a new stake in Ryanair in the 3rd quarter worth $255,000. Finally, Capital Bank & Trust Co grew its holdings in Ryanair by 33.3% in the 3rd quarter. Capital Bank & Trust Co now owns 297,171 shares of the transportation company’s stock worth $31,328,000 after acquiring an additional 74,268 shares during the last quarter. Institutional investors own 40.31% of the company’s stock.
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Ryanair Company Profile
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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