Ryanair (RYAAY) Raised to “Hold” at Zacks Investment Research
Ryanair (NASDAQ:RYAAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Ryanair operates an ultra-low cost, scheduled airline serving short-haul, point-to-point routes largely in Europe from its bases in airports across Europe. The company offers over 1,600 scheduled short-haul flights per day serving airports largely throughout Europe, with a principal fleet of Boeing 737-800 aircraft. “
A number of other equities research analysts have also recently commented on the company. Citigroup initiated coverage on Ryanair in a research note on Monday, November 20th. They set a “buy” rating for the company. Kepler Capital Markets cut Ryanair from a “hold” rating to a “reduce” rating in a research note on Thursday, September 21st. cut Ryanair from a “buy” rating to a “reduce” rating in a research note on Thursday, September 14th. Finally, BidaskClub cut Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $96.00.
A number of large investors have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in shares of Ryanair by 2.7% in the second quarter. Bank of Montreal Can now owns 48,411 shares of the transportation company’s stock valued at $5,209,000 after purchasing an additional 1,266 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Ryanair in the second quarter valued at about $108,000. NGAM Advisors L.P. lifted its holdings in shares of Ryanair by 0.5% in the second quarter. NGAM Advisors L.P. now owns 30,178 shares of the transportation company’s stock valued at $3,247,000 after purchasing an additional 155 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Ryanair by 11.8% in the second quarter. Janney Montgomery Scott LLC now owns 5,002 shares of the transportation company’s stock valued at $538,000 after purchasing an additional 526 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Ryanair by 4.0% in the second quarter. Great West Life Assurance Co. Can now owns 25,800 shares of the transportation company’s stock valued at $2,770,000 after purchasing an additional 998 shares in the last quarter. 40.32% of the stock is owned by hedge funds and other institutional investors.
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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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