Ryanair (NASDAQ:RYAAY) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
Other analysts also recently issued reports about the stock. Citigroup initiated coverage on shares of Ryanair in a report on Monday, November 20th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Ryanair from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Kepler Capital Markets downgraded shares of Ryanair from a “hold” rating to a “reduce” rating in a report on Thursday, September 21st. Finally, downgraded shares of Ryanair from a “buy” rating to a “reduce” rating in a report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $96.00.
Shares of Ryanair (RYAAY) opened at $115.78 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $28,024.15, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 0.78 and a beta of 0.62. Ryanair has a fifty-two week low of $78.35 and a fifty-two week high of $127.35.
A number of hedge funds have recently added to or reduced their stakes in the business. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Ryanair during the second quarter worth $112,000. Quantbot Technologies LP acquired a new stake in shares of Ryanair during the third quarter worth $151,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ryanair during the third quarter worth $235,000. USA Financial Portformulas Corp acquired a new stake in shares of Ryanair during the third quarter worth $255,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Ryanair by 1.6% during the second quarter. Private Advisor Group LLC now owns 2,461 shares of the transportation company’s stock worth $275,000 after buying an additional 38 shares in the last quarter. 40.32% of the stock is owned by hedge funds and other institutional investors.
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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.
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