Ryanair Holdings PLC (RYAAY) Cut to Reduce at HSBC Holdings plc
Ryanair Holdings PLC (NASDAQ:RYAAY) was downgraded by equities researchers at HSBC Holdings plc from a “buy” rating to a “reduce” rating in a research note issued to investors on Thursday, Marketbeat reports.
Several other brokerages have also commented on RYAAY. BidaskClub lowered shares of Ryanair Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) upgraded shares of 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 research note on Thursday, June 15th. ValuEngine lowered shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Citigroup Inc. lowered shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 31st. Finally, UBS AG lowered shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $100.33.
Ryanair Holdings PLC (NASDAQ:RYAAY) traded down 3.09% during mid-day trading on Thursday, reaching $110.56. 273,458 shares of the company were exchanged. Ryanair Holdings PLC has a 1-year low of $67.56 and a 1-year high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last released its earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.02 billion. On average, equities research analysts expect that Ryanair Holdings PLC will post $7.58 EPS for the current year.
Ryanair Holdings PLC announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 30th that authorizes the company to buyback shares. This buyback authorization authorizes the transportation company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.
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A number of institutional investors have recently added to or reduced their stakes in the business. U S Global Investors Inc. lifted its holdings in Ryanair Holdings PLC by 59.4% in the second quarter. U S Global Investors Inc. now owns 12,848 shares of the transportation company’s stock valued at $1,446,000 after acquiring an additional 4,789 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in Ryanair Holdings PLC in the second quarter valued at $112,000. Millie Capital Management LLC lifted its holdings in Ryanair Holdings PLC by 7.2% in the second quarter. Millie Capital Management LLC now owns 14,189 shares of the transportation company’s stock valued at $1,527,000 after acquiring an additional 959 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Ryanair Holdings PLC by 44.6% in the second quarter. Cubist Systematic Strategies LLC now owns 5,174 shares of the transportation company’s stock valued at $557,000 after acquiring an additional 1,596 shares during the period. Finally, Elliott Management Corp lifted its holdings in Ryanair Holdings PLC by 0.5% in the second quarter. Elliott Management Corp now owns 982,625 shares of the transportation company’s stock valued at $105,740,000 after acquiring an additional 5,180 shares during the period. 40.13% of the stock is owned by 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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