Ryanair Holdings PLC (NASDAQ:RYAAY) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $100.33.

A number of equities research analysts recently issued reports on RYAAY shares. Goldman Sachs Group, Inc. (The) upgraded shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and increased their target price for the stock from $67.56 to $109.00 in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of Ryanair Holdings PLC from a “sell” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Saturday, May 6th. ValuEngine cut shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Citigroup Inc. cut shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. Finally, UBS AG cut shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 2nd.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position 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 valued at $27,016,000 after buying an additional 84,140 shares in the last quarter. Capstone Asset Management Co. increased its stake in Ryanair Holdings PLC by 8.2% in the first quarter. Capstone Asset Management Co. now owns 13,017 shares of the transportation company’s stock worth $1,080,000 after buying an additional 990 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Ryanair Holdings PLC during the first quarter worth $282,000. Reliance Trust Co. of Delaware increased 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 in the last quarter. Finally, Huntington National Bank increased 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 in the last quarter. 38.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Ryanair Holdings PLC (RYAAY) opened at 112.47 on Monday. Ryanair Holdings PLC has a 52 week low of $67.22 and a 52 week high of $115.97. The firm has a market capitalization of $27.40 billion, a P/E ratio of 18.73 and a beta of 0.60.

Ryanair Holdings PLC declared that its Board of Directors has approved a stock buyback program on Tuesday, May 30th that allows the company to buyback shares. This buyback authorization allows the transportation company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

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