Ryanair Holdings PLC (NASDAQ:RYAAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Ryanair operates an ultra-low cost, scheduled airline serving short-haul, point-to-point routes largely in Europe from its bases in airports across Europe. The company offers over 1,600 scheduled short-haul flights per day serving airports largely throughout Europe, with a principal fleet of Boeing 737-800 aircraft. “

A number of other research analysts have also weighed in on RYAAY. Evercore ISI lowered Ryanair Holdings PLC from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Monday, June 27th. Macquarie raised Ryanair Holdings PLC from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 5th. Beaufort Securities reissued a “buy” rating on shares of Ryanair Holdings PLC in a report on Wednesday, July 6th. Finally, Deutsche Bank AG lowered Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $89.50.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 67.79 on Wednesday. The company has a market capitalization of $17.01 billion, a PE ratio of 10.34 and a beta of 0.83. Ryanair Holdings PLC has a 12-month low of $66.09 and a 12-month high of $89.67. The company has a 50 day moving average price of $74.42 and a 200-day moving average price of $76.80.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its stake in Ryanair Holdings PLC by 11.9% in the first quarter. BlackRock Fund Advisors now owns 681,930 shares of the company’s stock valued at $58,523,000 after buying an additional 72,455 shares during the period. Capital Fund Management S.A. raised its stake in Ryanair Holdings PLC by 1,356.3% in the second quarter. Capital Fund Management S.A. now owns 148,685 shares of the company’s stock valued at $10,340,000 after buying an additional 138,475 shares during the period. Standard Life Investments LTD raised its stake in Ryanair Holdings PLC by 10.5% in the second quarter. Standard Life Investments LTD now owns 674,844 shares of the company’s stock valued at $46,932,000 after buying an additional 63,909 shares during the period. Royal Bank of Canada raised its stake in Ryanair Holdings PLC by 3.8% in the first quarter. Royal Bank of Canada now owns 1,409,151 shares of the company’s stock valued at $120,934,000 after buying an additional 52,007 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Ryanair Holdings PLC by 73.2% in the first quarter. Goldman Sachs Group Inc. now owns 102,713 shares of the company’s stock valued at $8,815,000 after buying an additional 43,425 shares during the period. 42.57% of the stock is currently owned by institutional investors.

Ryanair Holdings PLC Company Profile

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates a low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe and Morocco. The Company’s principal fleet consists of Boeing 737-800 aircraft, each having 189 seats.

5 Day Chart for NASDAQ:RYAAY

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