Ryanair (NASDAQ:RYAAY) Lowered to “Hold” Rating by Wall Street Zen

Ryanair (NASDAQ:RYAAY) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Other equities analysts have also issued reports about the stock. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a report on Monday, December 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. Citigroup restated a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein lowered Ryanair from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Stock Performance

NASDAQ RYAAY opened at $70.97 on Friday. The stock has a fifty day simple moving average of $69.03 and a 200-day simple moving average of $64.13. 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 stock has a market cap of $37.26 billion, a PE ratio of 13.65, a P/E/G ratio of 0.70 and a beta of 1.25. Ryanair has a twelve month low of $38.52 and a twelve month high of $74.24.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data 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 firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $5.44 billion. Equities analysts anticipate that Ryanair will post 3.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bingham Private Wealth LLC acquired a new stake in Ryanair in the 4th quarter valued at about $227,000. Assetmark Inc. grew its position in shares of Ryanair by 151.0% during the fourth quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock worth $25,672,000 after buying an additional 213,948 shares in the last quarter. FSM Wealth Advisors LLC purchased a new stake in shares of Ryanair during the fourth quarter worth approximately $260,000. Ritholtz Wealth Management raised its holdings in Ryanair by 55.5% in the fourth quarter. Ritholtz Wealth Management now owns 31,047 shares of the transportation company’s stock valued at $2,241,000 after acquiring an additional 11,085 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in Ryanair by 20.3% in the fourth quarter. Diversify Advisory Services LLC now owns 9,170 shares of the transportation company’s stock worth $626,000 after acquiring an additional 1,545 shares during the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

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.