Ryanair Holdings PLC (RYAAY) Stock Rating Lowered by 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 issued 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. “
Other research analysts also recently issued reports about the company. Evercore ISI downgraded Ryanair Holdings PLC from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Monday, June 27th. Beaufort Securities reiterated a “buy” rating on shares of Ryanair Holdings PLC in a report on Wednesday, July 6th. Macquarie upgraded Ryanair Holdings PLC from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 5th. Finally, Deutsche Bank AG downgraded Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $89.50.
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Shares of 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. The firm has a market capitalization of $17.01 billion, a PE ratio of 10.34 and a beta of 0.83. Ryanair Holdings PLC has a 1-year low of $66.09 and a 1-year high of $89.67.
Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc purchased a new stake in Ryanair Holdings PLC during the first quarter worth approximately $298,000. Teachers Advisors Inc. increased its stake in Ryanair Holdings PLC by 6.1% in the first quarter. Teachers Advisors Inc. now owns 69,833 shares of the company’s stock worth $5,993,000 after buying an additional 4,000 shares during the last quarter. Prudential Financial Inc. increased its stake in Ryanair Holdings PLC by 26.3% in the first quarter. Prudential Financial Inc. now owns 149,301 shares of the company’s stock worth $12,813,000 after buying an additional 31,100 shares during the last quarter. BlackRock Fund Advisors increased its stake in Ryanair Holdings PLC by 11.9% in the first quarter. BlackRock Fund Advisors now owns 681,930 shares of the company’s stock worth $58,523,000 after buying an additional 72,455 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Ryanair Holdings PLC by 7.4% in the first quarter. M&T Bank Corp now owns 37,840 shares of the company’s stock worth $3,248,000 after buying an additional 2,595 shares during the last quarter. Institutional investors and hedge funds own 42.57% of the company’s stock.
About Ryanair Holdings PLC
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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