Ryanair (RYAAY) Downgraded by Credit Suisse Group

Ryanair (NASDAQ:RYAAY) was downgraded by equities researchers at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Monday, Marketbeat.com reports.

A number of other research analysts also recently issued reports on the company. downgraded Ryanair from a “buy” rating to a “reduce” rating in a research note on Thursday, September 14th. Zacks Investment Research raised Ryanair from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. BidaskClub lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Citigroup initiated coverage on Ryanair in a research report on Monday, November 20th. They issued a “buy” rating for the company. Finally, Kepler Capital Markets lowered Ryanair from a “hold” rating to a “reduce” rating in a research report on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Ryanair presently has a consensus rating of “Hold” and a consensus target price of $96.00.

Shares of Ryanair (NASDAQ RYAAY) traded down $3.28 during trading hours on Monday, hitting $103.31. The stock had a trading volume of 1,148,411 shares, compared to its average volume of 302,728. The firm has a market cap of $25,411.27, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 0.71 and a beta of 0.62. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.62 and a quick ratio of 1.62. Ryanair has a 12 month low of $78.35 and a 12 month high of $127.35.

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

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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.