Zacks Investment Research Upgrades Ryanair Holdings PLC (RYAAY) to “Buy”
Ryanair Holdings PLC (NASDAQ:RYAAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $85.00 price objective on the stock. Zacks Investment Research’s target price would suggest a potential upside of 12.42% from the company’s previous close.
According to Zacks, “Ryanair operates an ultra-low cost, scheduled airline serving short-haul, point-to-point routes largely in Europe from its bases in airports across Europe. The company offers over 1,600 scheduled short-haul flights per day serving airports largely throughout Europe, with a principal fleet of Boeing 737-800 aircraft. “
A number of other analysts have also recently weighed in on the company. Deutsche Bank AG cut Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Beaufort Securities reissued a “buy” rating on shares of Ryanair Holdings PLC in a research report on Wednesday, July 6th. Macquarie raised Ryanair Holdings PLC from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 5th. Finally, Evercore ISI cut Ryanair Holdings PLC from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Monday, June 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $89.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/zacks-investment-research-upgrades-ryanair-holdings-plc-ryaay-to-buy.html
Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 75.56 on Thursday. Ryanair Holdings PLC has a 1-year low of $66.09 and a 1-year high of $89.67. The company has a market cap of $18.96 billion, a price-to-earnings ratio of 11.45 and a beta of 0.81. The stock has a 50 day moving average price of $73.73 and a 200-day moving average price of $77.76.
Institutional investors have recently modified their holdings of the company. Smithfield Trust Co. raised its position in Ryanair Holdings PLC by 0.9% in the second quarter. Smithfield Trust Co. now owns 1,616 shares of the company’s stock worth $113,000 after buying an additional 15 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Ryanair Holdings PLC by 77.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,827 shares of the company’s stock worth $157,000 after buying an additional 799 shares during the last quarter. Westpac Banking Corp bought a new position in Ryanair Holdings PLC during the second quarter worth $186,000. Brinker Capital Inc. bought a new position in Ryanair Holdings PLC during the second quarter worth $201,000. Finally, ING Groep NV bought a new position in Ryanair Holdings PLC during the second quarter worth $209,000. Institutional investors own 42.57% 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 a low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe and Morocco. The Company’s principal fleet consists of Boeing 737-800 aircraft, each having 189 seats.
Receive News & Ratings for Ryanair Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryanair Holdings PLC and related companies with MarketBeat.com's FREE daily email newsletter.