Ryanair (RYAAY) Lowered to “Hold” at BidaskClub

Ryanair (NASDAQ:RYAAY) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Ryanair from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Citigroup assumed coverage on shares of Ryanair in a research report on Monday, November 20th. They set a “buy” rating for the company. downgraded shares of Ryanair from a “buy” rating to a “reduce” rating in a research report on Thursday, September 14th. Finally, Kepler Capital Markets downgraded shares of Ryanair from a “hold” rating to a “reduce” rating in a research report on Thursday, September 21st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $96.00.

Ryanair (NASDAQ:RYAAY) traded down $5.85 during midday trading on Thursday, reaching $106.59. 1,700,232 shares of the company’s stock traded hands, compared to its average volume of 400,900. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.79. Ryanair has a 12 month low of $78.35 and a 12 month high of $127.35. The firm has a market cap of $26,805.92, a PE ratio of 16.56, a PEG ratio of 0.75 and a beta of 0.62.

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Ryanair by 3.0% in the 2nd quarter. FMR LLC now owns 14,021,784 shares of the transportation company’s stock valued at $1,508,884,000 after purchasing an additional 414,790 shares during the last quarter. Capital International Investors raised its position in Ryanair by 0.3% in the 3rd quarter. Capital International Investors now owns 4,450,328 shares of the transportation company’s stock valued at $469,154,000 after purchasing an additional 12,553 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Ryanair in the 2nd quarter valued at $366,606,000. Renaissance Technologies LLC raised its position in Ryanair by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,398,074 shares of the transportation company’s stock valued at $258,057,000 after purchasing an additional 126,255 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Ryanair by 4.8% in the 2nd quarter. Royal Bank of Canada now owns 2,020,013 shares of the transportation company’s stock valued at $217,374,000 after purchasing an additional 93,026 shares during the last quarter. Hedge funds and other institutional investors own 40.32% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/12/16/ryanair-ryaay-lowered-to-hold-at-bidaskclub.html.

Ryanair 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 (NASDAQ:RYAAY)

Receive News & Ratings for Ryanair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryanair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply