Ryanair Holdings PLC (RYAAY) Cut to “Reduce” at Kepler Capital Markets

Kepler Capital Markets lowered shares of Ryanair Holdings PLC (NASDAQ:RYAAY) from a hold rating to a reduce rating in a report released on Thursday morning, MarketBeat reports.

A number of other research firms have also weighed in on RYAAY. Goldman Sachs Group, Inc. (The) upgraded Ryanair Holdings PLC from a neutral rating to a buy rating and increased their price target for the company from $67.56 to $109.00 in a research report on Thursday, June 15th. ValuEngine upgraded Ryanair Holdings PLC from a hold rating to a buy rating in a research report on Tuesday, June 6th. BidaskClub lowered Ryanair Holdings PLC from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. HSBC Holdings plc upgraded Ryanair Holdings PLC from a hold rating to a buy rating in a research report on Tuesday, July 25th. Finally, UBS AG lowered Ryanair Holdings PLC from a buy rating to a neutral rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $100.33.

Shares of Ryanair Holdings PLC (NASDAQ RYAAY) opened at 106.04 on Thursday. Ryanair Holdings PLC has a 52-week low of $67.56 and a 52-week high of $122.68.

Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Analysts forecast that Ryanair Holdings PLC will post $7.58 EPS for the current year.

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Ryanair Holdings PLC announced that its Board of Directors has approved a share buyback program on Tuesday, May 30th that allows the company to buyback shares. This buyback authorization allows the transportation company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in RYAAY. Great West Life Assurance Co. Can acquired a new stake in Ryanair Holdings PLC during the 1st quarter worth about $2,057,000. UBS Asset Management Americas Inc. boosted its position in Ryanair Holdings PLC by 21.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,178,231 shares of the transportation company’s stock worth $97,770,000 after acquiring an additional 207,777 shares during the period. Karp Capital Management Corp acquired a new stake in Ryanair Holdings PLC during the 1st quarter worth about $4,028,000. Parametric Portfolio Associates LLC boosted its position in Ryanair Holdings PLC by 5.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 92,610 shares of the transportation company’s stock worth $7,685,000 after acquiring an additional 4,661 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Ryanair Holdings PLC by 41.1% during the 1st quarter. State of Wisconsin Investment Board now owns 30,764 shares of the transportation company’s stock worth $2,553,000 after acquiring an additional 8,957 shares during the period. Hedge funds and other institutional investors own 40.35% of the company’s stock.

Ryanair Holdings PLC Company Profile

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

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