Ryanair Holdings PLC (RYAAY) Rating Lowered to Hold at Zacks Investment Research
Ryanair Holdings PLC (NASDAQ:RYAAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
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 research analysts have also recently commented on RYAAY. Evercore ISI cut Ryanair Holdings PLC from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Monday, June 27th. Macquarie raised Ryanair Holdings PLC from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 5th. Beaufort Securities reaffirmed a “buy” rating on shares of Ryanair Holdings PLC in a research report on Wednesday, July 6th. Finally, Deutsche Bank AG cut Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ryanair Holdings PLC presently has a consensus rating of “Buy” and an average price target of $89.50.
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Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 67.79 on Wednesday. The firm has a 50-day moving average price of $74.42 and a 200-day moving average price of $76.80. Ryanair Holdings PLC has a 52-week low of $66.09 and a 52-week high of $89.67. The company has a market cap of $17.01 billion, a PE ratio of 10.34 and a beta of 0.83.
Hedge funds have recently modified their holdings of the company. Capital International Investors boosted its stake in shares of Ryanair Holdings PLC by 27.3% in the second quarter. Capital International Investors now owns 4,309,978 shares of the company’s stock worth $299,716,000 after buying an additional 925,015 shares during the period. Manning & Napier Advisors LLC raised its position in shares of Ryanair Holdings PLC by 91.8% in the second quarter. Manning & Napier Advisors LLC now owns 1,885,738 shares of the company’s stock worth $131,132,000 after buying an additional 902,740 shares in the last quarter. Capital Guardian Trust Co. raised its position in shares of Ryanair Holdings PLC by 193.6% in the second quarter. Capital Guardian Trust Co. now owns 1,161,850 shares of the company’s stock worth $80,795,000 after buying an additional 766,059 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Ryanair Holdings PLC during the second quarter worth $45,565,000. Finally, FMR LLC raised its position in shares of Ryanair Holdings PLC by 3.7% in the second quarter. FMR LLC now owns 16,678,645 shares of the company’s stock worth $1,159,833,000 after buying an additional 595,992 shares in the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.
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.
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