Ryanair Holdings PLC (RYAAY) Given Average Recommendation of “Hold” by Brokerages
Ryanair Holdings PLC (NASDAQ:RYAAY) has received a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $97.75.
Several analysts recently weighed in on the company. Sanford C. Bernstein assumed coverage on Ryanair Holdings PLC in a report on Monday. They set an “underperform” rating and a $83.00 price target on the stock. Goldman Sachs Group, Inc. (The) upgraded Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and increased their price target for the company from $67.56 to $109.00 in a report on Thursday, June 15th. ValuEngine upgraded Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Citigroup Inc. lowered Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, May 31st. Finally, Zacks Investment Research upgraded Ryanair Holdings PLC from a “sell” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Saturday, May 6th.
A number of hedge funds have recently added to or reduced their stakes in RYAAY. State Street Corp raised its stake in Ryanair Holdings PLC by 35.0% in the fourth quarter. State Street Corp now owns 324,522 shares of the transportation company’s stock worth $27,016,000 after buying an additional 84,140 shares during the last quarter. Reliance Trust Co. of Delaware raised its stake in Ryanair Holdings PLC by 22.5% in the first quarter. Reliance Trust Co. of Delaware now owns 9,615 shares of the transportation company’s stock worth $798,000 after buying an additional 1,764 shares during the last quarter. Huntington National Bank raised its stake in Ryanair Holdings PLC by 4.3% in the first quarter. Huntington National Bank now owns 2,722 shares of the transportation company’s stock worth $226,000 after buying an additional 111 shares during the last quarter. Marshall Wace LLP raised its stake in Ryanair Holdings PLC by 271.3% in the first quarter. Marshall Wace LLP now owns 37,737 shares of the transportation company’s stock worth $3,132,000 after buying an additional 27,573 shares during the last quarter. Finally, A.R.T. Advisors LLC raised its stake in Ryanair Holdings PLC by 235.9% in the fourth quarter. A.R.T. Advisors LLC now owns 13,100 shares of the transportation company’s stock worth $1,090,000 after buying an additional 9,200 shares during the last quarter. Institutional investors and hedge funds own 39.87% of the company’s stock.
Ryanair Holdings PLC (RYAAY) opened at 108.66 on Tuesday. The firm’s 50 day moving average is $103.67 and its 200 day moving average is $89.02. The stock has a market capitalization of $26.47 billion, a P/E ratio of 18.54 and a beta of 0.57. Ryanair Holdings PLC has a 1-year low of $66.09 and a 1-year high of $110.82.
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About Ryanair Holdings PLC
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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