Ryanair (NASDAQ:RYAAY) had its price target hoisted by analysts at Raymond James from $68.00 to $90.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm currently has a “strong-buy” rating on the transportation company’s stock. Raymond James’ price target would indicate a potential upside of 20.00% from the stock’s current price.

Other equities analysts also recently issued reports about the company. UBS Group reissued a “buy” rating on shares of Ryanair in a research report on Wednesday, May 20th. ValuEngine downgraded Ryanair from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a report on Tuesday. JPMorgan Chase & Co. raised Ryanair from a “neutral” rating to an “overweight” rating in a report on Monday, July 13th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Ryanair in a report on Monday, April 6th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $79.00.

NASDAQ:RYAAY traded down $1.00 on Thursday, reaching $75.00. 572,403 shares of the company’s stock were exchanged, compared to its average volume of 578,210. The company has a quick ratio of 0.82, a current ratio of 0.67 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $17.11 billion, a price-to-earnings ratio of 66.37 and a beta of 1.32. The business has a fifty day moving average of $69.69 and a 200-day moving average of $70.27. Ryanair has a 52-week low of $44.44 and a 52-week high of $96.79.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, July 27th. The transportation company reported ($0.94) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.15) by $0.21. The company had revenue of $137.83 million for the quarter, compared to analyst estimates of $138.60 million. Ryanair had a net margin of 3.61% and a return on equity of 10.45%. As a group, equities analysts anticipate that Ryanair will post -3.76 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its stake in shares of Ryanair by 11.2% during the second quarter. Harbor Investment Advisory LLC now owns 1,904 shares of the transportation company’s stock valued at $126,000 after acquiring an additional 191 shares during the last quarter. Procyon Private Wealth Partners LLC acquired a new stake in shares of Ryanair during the fourth quarter valued at $30,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Ryanair by 8.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,035 shares of the transportation company’s stock worth $435,000 after buying an additional 405 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Ryanair by 5.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 9,111 shares of the transportation company’s stock worth $484,000 after buying an additional 450 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Ryanair by 3.7% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,250 shares of the transportation company’s stock worth $863,000 after buying an additional 579 shares during the last quarter. Institutional investors and hedge funds own 43.80% 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, 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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