Ryanair Holdings PLC (NASDAQ:RYAAY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ryanair Holdings PLC (NASDAQ:RYAAY) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $78.3333.

Several research firms have recently issued reports on RYAAY. Weiss Ratings lowered shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a report on Tuesday. Sanford C. Bernstein set a $79.00 price target on shares of Ryanair in a research report on Monday, July 6th. Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th.

Ryanair Stock Performance

NASDAQ RYAAY opened at $64.29 on Wednesday. The firm has a market capitalization of $33.45 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.67 and a beta of 1.15. Ryanair has a 1-year low of $53.14 and a 1-year high of $74.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50-day simple moving average is $60.45 and its 200-day simple moving average is $63.21.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion. Equities analysts predict that Ryanair will post 4.36 EPS for the current year.

Insiders Place Their Bets

In related news, insider John Jh Hurley sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $31.24, for a total transaction of $468,600.00. Following the transaction, the insider directly owned 76,025 shares of the company’s stock, valued at approximately $2,375,021. The trade was a 16.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jason Paul Mcguinness sold 9,999 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.56, for a total value of $275,572.44. Following the completion of the transaction, the insider owned 14,305 shares of the company’s stock, valued at approximately $394,245.80. This represents a 41.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 126,607 shares of company stock valued at $3,386,997.

Institutional Trading of Ryanair

A number of hedge funds have recently made changes to their positions in RYAAY. CIBC Private Wealth Group LLC boosted its stake in shares of Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares during the period. Pin Oak Investment Advisors Inc. increased its stake in Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after buying an additional 209 shares during the period. Brown Brothers Harriman & Co. increased its stake in Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after buying an additional 498 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after buying an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Ryanair by 64.9% in the 4th quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock worth $47,000 after buying an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.