Ryanair Holdings PLC (NASDAQ:RYAAY) Given Consensus Rating of “Moderate Buy” by Analysts

Ryanair Holdings PLC (NASDAQ:RYAAY) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $76.00.

A number of brokerages have commented on RYAAY. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, November 4th. Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. The Goldman Sachs Group lowered shares of Ryanair from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a report on Monday. Finally, Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th.

Hedge Funds Weigh In On Ryanair

A number of large investors have recently bought and sold shares of RYAAY. USA Financial Formulas purchased a new position in shares of Ryanair in the 3rd quarter worth $26,000. CIBC Private Wealth Group LLC grew its position in Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 348 shares during the period. Pin Oak Investment Advisors Inc. increased its stake in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Ryanair during the second quarter worth about $31,000. Finally, UMB Bank n.a. raised its holdings in shares of Ryanair by 1,057.4% in the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after purchasing an additional 497 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

NASDAQ:RYAAY opened at $72.50 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $38.11 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The firm has a 50-day moving average price of $64.73 and a two-hundred day moving average price of $61.57. Ryanair has a twelve month low of $38.52 and a twelve month high of $72.61.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.14. Ryanair had a net margin of 16.29% and a return on equity of 31.32%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $5.44 billion. As a group, research analysts expect that Ryanair will post 3.09 earnings per share for the current fiscal year.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.