Ryanair (RYAAY) Downgraded by BidaskClub

BidaskClub lowered shares of Ryanair (NASDAQ:RYAAY) from a sell rating to a strong sell rating in a research note published on Thursday.

Several other research analysts have also recently commented on RYAAY. Deutsche Bank reissued a buy rating on shares of Ryanair in a research report on Tuesday, May 22nd. BNP Paribas cut Ryanair from an outperform rating to a neutral rating in a research report on Thursday, June 7th. Exane BNP Paribas cut Ryanair from an outperform rating to a neutral rating in a research report on Thursday, June 7th. ValuEngine cut Ryanair from a hold rating to a sell rating in a research report on Tuesday, July 24th. Finally, Raymond James cut Ryanair from an outperform rating to a market perform rating in a research report on Thursday, August 9th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Ryanair currently has an average rating of Hold and an average target price of $138.00.

RYAAY stock opened at $95.98 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. The stock has a market cap of $22.22 billion, a PE ratio of 13.99 and a beta of 0.55. Ryanair has a fifty-two week low of $94.25 and a fifty-two week high of $127.61.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, July 23rd. The transportation company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.07. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Ryanair had a return on equity of 29.19% and a net margin of 18.47%. equities research analysts anticipate that Ryanair will post 6.28 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. raised its stake in Ryanair by 2.3% in the second quarter. Baillie Gifford & Co. now owns 5,936,962 shares of the transportation company’s stock valued at $678,179,000 after buying an additional 133,294 shares during the period. WCM Investment Management CA raised its stake in Ryanair by 5.2% in the first quarter. WCM Investment Management CA now owns 3,719,251 shares of the transportation company’s stock valued at $456,910,000 after buying an additional 185,253 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Ryanair by 14.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,539,197 shares of the transportation company’s stock valued at $290,053,000 after buying an additional 321,859 shares during the period. Royal Bank of Canada raised its stake in Ryanair by 9.6% in the first quarter. Royal Bank of Canada now owns 2,018,166 shares of the transportation company’s stock valued at $247,932,000 after buying an additional 176,959 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Ryanair by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 1,712,088 shares of the transportation company’s stock valued at $210,330,000 after buying an additional 48,728 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.

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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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