Ryanair Holdings PLC (NASDAQ:RYAAY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $77.6667.

Several research firms recently issued reports on RYAAY. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, March 12th. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $77.00 price objective on shares of Ryanair in a research report on Monday. Erste Group Bank cut Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings cut Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th.

Insider Buying and Selling at Ryanair

In other Ryanair news, insider David Patrick Dpo O’brien sold 8,080 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $210,160.80. Following the completion of the sale, the insider directly owned 73,183 shares in the company, valued at approximately $1,903,489.83. The trade was a 9.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carol Marie Sharkey sold 6,999 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $182,043.99. Following the sale, the insider owned 14,136 shares of the company’s stock, valued at approximately $367,677.36. This represents a 33.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 111,607 shares of company stock worth $2,918,397.

Institutional Investors Weigh In On Ryanair

Several hedge funds and other institutional investors have recently modified their holdings of RYAAY. Goldman Sachs Group Inc. increased its stake in shares of Ryanair by 658.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after purchasing an additional 861,361 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Ryanair by 122.1% in the 2nd quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock worth $750,000 after purchasing an additional 7,152 shares in the last quarter. CW Advisors LLC purchased a new stake in shares of Ryanair in the 2nd quarter worth $263,000. EverSource Wealth Advisors LLC increased its stake in shares of Ryanair by 99.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of Ryanair in the 2nd quarter worth $295,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Stock Performance

Shares of RYAAY opened at $60.33 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $58.28 and its 200-day moving average price is $64.03. Ryanair has a 52 week low of $53.14 and a 52 week high of $74.24. The stock has a market cap of $31.39 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.52 and a beta of 1.15.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Equities research analysts anticipate that Ryanair will post 4.25 earnings per share for the current fiscal year.

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.