Ryanair Holdings PLC (NASDAQ:RYAAY) Given Average Recommendation of “Moderate Buy” by Brokerages

Ryanair Holdings PLC (NASDAQ:RYAAY) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the company, Marketbeat reports. Three 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 target price among brokerages that have updated their coverage on the stock in the last year is $76.00.

Several brokerages have recently issued reports on RYAAY. Weiss Ratings restated a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 29th. Citigroup restated a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Sanford C. Bernstein downgraded Ryanair from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th.

Ryanair Stock Down 1.6%

Shares of NASDAQ RYAAY opened at $68.01 on Wednesday. The business has a 50-day moving average of $68.18 and a two-hundred day moving average of $63.53. The company has a market capitalization of $35.70 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25. Ryanair has a 1 year low of $38.52 and a 1 year high of $74.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.14. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Ryanair had a return on equity of 31.32% and a net margin of 16.29%. On average, analysts forecast that Ryanair will post 3.09 earnings per share for the current fiscal year.

Ryanair Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th will be given a dividend of $0.4545 per share. The ex-dividend date is Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is 13.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. USA Financial Formulas acquired a new position in Ryanair in the third quarter valued at $26,000. CIBC Private Wealth Group LLC grew its holdings in shares of Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after buying an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 209 shares during the period. Financial Management Professionals Inc. purchased a new stake in Ryanair during the 2nd quarter valued at approximately $31,000. Finally, UMB Bank n.a. lifted its position in Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after acquiring an additional 497 shares during the period. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Company Profile

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.