Ryanair Holdings plc (RYAAY) Downgraded to “Hold” at ValuEngine
Ryanair Holdings plc (NASDAQ:RYAAY) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
A number of other research firms have also weighed in on RYAAY. Zacks Investment Research raised Ryanair Holdings plc from a “sell” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Saturday, May 6th. Kepler Capital Markets lowered Ryanair Holdings plc from a “buy” rating to a “hold” rating in a report on Friday, February 10th. Deutsche Bank AG raised Ryanair Holdings plc from a “hold” rating to a “buy” rating in a report on Monday, February 13th. Finally, Canaccord Genuity initiated coverage on Ryanair Holdings plc in a report on Thursday, January 26th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $99.50.
Shares of Ryanair Holdings plc (NASDAQ:RYAAY) traded up 1.77% during midday trading on Wednesday, hitting $103.20. 290,644 shares of the stock traded hands. The company has a market capitalization of $25.46 billion, a PE ratio of 18.45 and a beta of 0.72. The firm’s 50 day moving average price is $92.84 and its 200 day moving average price is $85.40. Ryanair Holdings plc has a 12-month low of $66.09 and a 12-month high of $104.43.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of Ryanair Holdings plc during the first quarter worth approximately $106,000. Tyers Asset Management LLC purchased a new position in shares of Ryanair Holdings plc during the fourth quarter worth approximately $133,000. FNY Partners Fund LP purchased a new position in shares of Ryanair Holdings plc during the first quarter worth approximately $156,000. Flinton Capital Management LLC purchased a new position in shares of Ryanair Holdings plc during the fourth quarter worth approximately $161,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Ryanair Holdings plc by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after buying an additional 98 shares in the last quarter. 42.80% of the stock is currently owned by hedge funds and other institutional investors.
Ryanair Holdings plc Company Profile
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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