Ryanair (RYAAY) Upgraded by BidaskClub to “Buy”
Ryanair (NASDAQ:RYAAY) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
Several other equities analysts have also recently issued reports on the company. Credit Suisse Group cut Ryanair from an “outperform” rating to a “neutral” rating in a research note on Monday, December 18th. ValuEngine cut Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded Ryanair from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Citigroup started coverage on Ryanair in a research note on Monday, November 20th. They set a “buy” rating on the stock. Finally, Sanford C. Bernstein upgraded Ryanair from an “underperform” rating to a “market perform” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Ryanair has an average rating of “Hold” and a consensus target price of $96.00.
Ryanair (NASDAQ RYAAY) opened at $120.94 on Tuesday. The company has a market capitalization of $28,798.96, a P/E ratio of 17.81, a PEG ratio of 0.98 and a beta of 0.62. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.62 and a current ratio of 1.62. Ryanair has a one year low of $78.35 and a one year high of $127.35.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capital International Investors increased its position in Ryanair by 0.3% in the third quarter. Capital International Investors now owns 4,450,328 shares of the transportation company’s stock worth $469,154,000 after buying an additional 12,553 shares during the period. Janus Henderson Group PLC acquired a new stake in Ryanair in the second quarter worth $366,606,000. Royal Bank of Canada increased its position in Ryanair by 4.8% in the second quarter. Royal Bank of Canada now owns 2,020,013 shares of the transportation company’s stock worth $217,374,000 after buying an additional 93,026 shares during the period. Thornburg Investment Management Inc. increased its position in Ryanair by 6.2% in the third quarter. Thornburg Investment Management Inc. now owns 1,293,276 shares of the transportation company’s stock worth $136,337,000 after buying an additional 75,370 shares during the period. Finally, Elliott Management Corp increased its position in Ryanair by 0.5% in the second quarter. Elliott Management Corp now owns 982,625 shares of the transportation company’s stock worth $105,740,000 after buying an additional 5,180 shares during the period. 40.44% of the stock is currently owned by hedge funds and other institutional investors.
Ryanair 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.
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