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.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

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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.

5 Day Chart for NASDAQ:RYAAY

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