Ryanair (NASDAQ:RYAAY) Receives Overweight Rating from Barclays

Barclays restated their overweight rating on shares of Ryanair (NASDAQ:RYAAY) in a report released on Friday, The Fly reports.

Several other brokerages have also issued reports on RYAAY. Evercore ISI upgraded Ryanair from an in-line rating to an outperform rating and boosted their price target for the company from $120.00 to $150.00 in a research note on Monday, July 12th. Peel Hunt upgraded Ryanair from a hold rating to a buy rating in a research note on Friday. HSBC upgraded Ryanair from a hold rating to a buy rating in a research note on Friday, June 18th. Morgan Stanley set a $107.09 price objective on Ryanair and gave the company an overweight rating in a research note on Monday, July 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a buy rating on shares of Ryanair in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $121.48.

NASDAQ RYAAY opened at $115.37 on Friday. Ryanair has a twelve month low of $77.09 and a twelve month high of $121.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $26.04 billion, a PE ratio of -19.62 and a beta of 1.63. The stock has a 50-day simple moving average of $107.30 and a 200 day simple moving average of $110.71.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, July 26th. The transportation company reported ($1.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.50) by $0.04. Ryanair had a negative return on equity of 19.76% and a negative net margin of 59.19%. The firm had revenue of $446.37 million for the quarter, compared to analyst estimates of $459.02 million. As a group, equities research analysts forecast that Ryanair will post -0.14 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in Ryanair by 17.8% during the 2nd quarter. Bank of America Corp DE now owns 1,194,585 shares of the transportation company’s stock worth $129,266,000 after acquiring an additional 180,625 shares during the last quarter. Sawtooth Solutions LLC grew its position in Ryanair by 16.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,080 shares of the transportation company’s stock worth $225,000 after acquiring an additional 289 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Ryanair during the 2nd quarter worth approximately $542,000. Millennium Management LLC grew its position in Ryanair by 20.9% during the 2nd quarter. Millennium Management LLC now owns 82,855 shares of the transportation company’s stock worth $8,966,000 after acquiring an additional 14,316 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in Ryanair during the 2nd quarter worth $241,000. Institutional investors and hedge funds own 43.84% of the company’s stock.

About Ryanair

Ryanair Holdings Plc engages in the provision of low fares airline-related services. It 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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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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