Ryanair Holdings PLC (NASDAQ:RYAAY) was downgraded by equities researchers at Kepler Capital Markets from a “hold” rating to a “reduce” rating in a research note issued on Thursday.

RYAAY has been the subject of several other reports. Sanford C. Bernstein started coverage on shares of Ryanair Holdings PLC in a research note on Monday, June 26th. They set an “underperform” rating and a $83.00 price objective for the company. BidaskClub cut shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. HSBC Holdings plc cut shares of Ryanair Holdings PLC from a “buy” rating to a “reduce” rating in a research note on Thursday, September 14th. Goldman Sachs Group, Inc. (The) raised shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $67.56 to $109.00 in a research note on Thursday, June 15th. Finally, Citigroup Inc. cut shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 31st. Four analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $100.33.

Ryanair Holdings PLC (RYAAY) traded down 0.77% on Thursday, hitting $105.38. The stock had a trading volume of 71,312 shares. Ryanair Holdings PLC has a one year low of $67.56 and a one year high of $122.68.

Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Equities analysts forecast that Ryanair Holdings PLC will post $7.58 EPS for the current fiscal year.

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

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Institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its position in Ryanair Holdings PLC by 11.9% in the 1st quarter. BlackRock Fund Advisors now owns 681,930 shares of the transportation company’s stock valued at $58,523,000 after buying an additional 72,455 shares during the last quarter. Capital Fund Management S.A. boosted its position in Ryanair Holdings PLC by 1,356.3% in the 2nd quarter. Capital Fund Management S.A. now owns 148,685 shares of the transportation company’s stock valued at $10,340,000 after buying an additional 138,475 shares during the last quarter. William Blair Investment Management LLC boosted its position in Ryanair Holdings PLC by 31.7% in the 2nd quarter. William Blair Investment Management LLC now owns 1,328,219 shares of the transportation company’s stock valued at $92,364,000 after buying an additional 319,347 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Ryanair Holdings PLC in the 3rd quarter valued at about $2,551,000. Finally, Korea Investment CORP boosted its position in Ryanair Holdings PLC by 31.6% in the 4th quarter. Korea Investment CORP now owns 147,456 shares of the transportation company’s stock valued at $12,749,000 after buying an additional 35,434 shares during the last quarter. 40.35% of the stock is 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.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

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