Ryanair (NASDAQ:RYAAY) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Ryanair (NASDAQ:RYAAY – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a report on Thursday. Sanford C. Bernstein lowered Ryanair from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research report on Monday, December 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Check Out Our Latest Report on RYAAY

Ryanair Price Performance

Ryanair stock opened at $68.28 on Friday. Ryanair has a 52-week low of $38.52 and a 52-week high of $74.24. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $68.54 and its 200 day moving average is $63.83. The company has a market cap of $35.85 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.69 and a beta of 1.25.

Ryanair (NASDAQ:RYAAY – Get Free Report) last released its earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.14. Ryanair had a return on equity of 31.32% and a net margin of 16.29%.The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $5.44 billion. Sell-side analysts forecast that Ryanair will post 3.09 EPS for the current fiscal year.

Ryanair Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, January 16th will be issued a $0.4545 dividend. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s payout ratio is presently 20.00%.

Hedge Funds Weigh In On Ryanair

A number of hedge funds have recently made changes to their positions in RYAAY. Capital International Investors boosted its position in Ryanair by 2.7% during the third quarter. Capital International Investors now owns 37,465,187 shares of the transportation company’s stock worth $2,250,932,000 after acquiring an additional 1,002,457 shares during the last quarter. Capital World Investors increased its holdings in shares of Ryanair by 9.3% in the third quarter. Capital World Investors now owns 30,738,934 shares of the transportation company’s stock valued at $1,851,043,000 after purchasing an additional 2,626,911 shares during the last quarter. Metropolis Capital Ltd lifted its position in Ryanair by 0.8% during the second quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock worth $276,253,000 after buying an additional 36,559 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Ryanair by 13.4% during the third quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company’s stock worth $191,291,000 after buying an additional 376,145 shares in the last quarter. Finally, Capital International Inc. CA boosted its stake in Ryanair by 3.3% during the third quarter. Capital International Inc. CA now owns 1,467,028 shares of the transportation company’s stock worth $88,344,000 after buying an additional 47,151 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

About Ryanair

(Get Free Report)

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.

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