Ryanair (NASDAQ:RYAAY) Lowered to Hold Rating by StockNews.com

Ryanair (NASDAQ:RYAAY) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also issued research reports about the company. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Barclays upgraded Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Ryanair presently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Ryanair Stock Up 2.6 %

Shares of RYAAY traded up $1.20 during mid-day trading on Tuesday, hitting $47.42. 2,022,458 shares of the company traded hands, compared to its average volume of 1,333,797. The company has a market capitalization of $25.63 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.50. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $44.16 and a 200 day moving average of $69.18. Ryanair has a 1-year low of $36.96 and a 1-year high of $60.29.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. Equities research analysts anticipate that Ryanair will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYAAY. Massachusetts Financial Services Co. MA raised its position in Ryanair by 188.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock worth $1,231,762,000 after acquiring an additional 17,810,361 shares during the period. Baillie Gifford & Co. increased its stake in shares of Ryanair by 175.7% during the third quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock worth $1,063,939,000 after purchasing an additional 15,008,023 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Ryanair by 169.7% during the 3rd quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company’s stock worth $284,893,000 after purchasing an additional 3,967,436 shares during the last quarter. Metropolis Capital Ltd raised its position in shares of Ryanair by 177.4% during the 3rd quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock worth $180,996,000 after purchasing an additional 2,562,066 shares during the last quarter. Finally, FMR LLC lifted its stake in Ryanair by 35.3% in the 3rd quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock valued at $394,631,000 after buying an additional 2,279,679 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.