Ryanair (NASDAQ:RYAAY) Upgraded at Sanford C. Bernstein
by Scott Moore · The Cerbat GemSanford C. Bernstein upgraded shares of Ryanair (NASDAQ:RYAAY – Free Report) from a market perform rating to an outperform rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports.
Several other equities analysts have also recently commented on the company. Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Erste Group Bank cut Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings lowered Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Zacks Research lowered Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $75.67.
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Ryanair Stock Performance
Ryanair stock opened at $61.97 on Monday. The stock has a market cap of $32.35 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 0.59 and a beta of 1.26. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $62.97 and a 200-day moving average of $65.21. Ryanair has a 52 week low of $44.51 and a 52 week high of $74.24.
Ryanair (NASDAQ:RYAAY – Get Free Report) last released its earnings results on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Ryanair had a return on equity of 29.76% and a net margin of 15.04%. On average, analysts expect that Ryanair will post 3.09 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. USA Financial Formulas bought a new position in shares of Ryanair in the third quarter worth $26,000. CIBC Private Wealth Group LLC grew 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 worth $28,000 after purchasing an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its stake in shares of Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after purchasing an additional 209 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after purchasing an additional 497 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after purchasing an additional 498 shares in the last quarter. 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.