Ryanair Holdings PLC (NASDAQ:RYAAY) Receives $73.97 Consensus Price Target from Brokerages

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $73.9750.

A number of brokerages have recently commented on RYAAY. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Weiss Ratings raised shares of Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, July 21st.

Insider Buying and Selling

In other Ryanair news, insider John Jh Hurley sold 15,000 shares of Ryanair stock in a transaction dated 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 in the company, valued at approximately $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Ryanair

A number of hedge funds have recently modified their holdings of RYAAY. CIBC Private Wealth Group LLC lifted its holdings in shares of Ryanair by 280.6% during the 3rd 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 in the last quarter. Pin Oak Investment Advisors Inc. raised its holdings 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. lifted its stake in Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after buying an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after buying an additional 165 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Ryanair by 64.9% in the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 43.65% of the company’s stock.

Ryanair Stock Up 1.1%

Shares of Ryanair stock opened at $54.42 on Thursday. The business has a fifty day simple moving average of $60.17 and a 200 day simple moving average of $60.23. The stock has a market cap of $28.24 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Ryanair has a 12 month low of $53.14 and a 12 month high of $74.24.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. Analysts expect that Ryanair will post 4.39 EPS for the current fiscal year.

Ryanair Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 7th will be given a $0.4434 dividend. The ex-dividend date is Friday, August 7th. Ryanair’s dividend payout ratio is currently 24.52%.

Ryanair Company Profile

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.