Ryanair Holdings PLC (RYAAY) Upgraded by Zacks Investment Research to Hold
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. “
RYAAY has been the topic of a number of other reports. BNP Paribas assumed coverage on Ryanair Holdings PLC in a report on Thursday, October 13th. They set an outperform rating on the stock. Beaufort Securities reiterated a buy rating on shares of Ryanair Holdings PLC in a research report on Wednesday, October 5th. Deutsche Bank AG cut Ryanair Holdings PLC from a buy rating to a hold rating in a research report on Wednesday, September 7th. Berenberg Bank initiated coverage on Ryanair Holdings PLC in a research report on Friday, November 11th. They set a buy rating for the company. Finally, HSBC upgraded Ryanair Holdings PLC from a reduce rating to a hold rating in a research report on Wednesday, November 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $89.50.
Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 82.34 on Tuesday. The company has a market cap of $20483.33 billion, a P/E ratio of 12.85 and a beta of 0.80. The firm has a 50-day moving average price of $76.78 and a 200 day moving average price of $75.58. Ryanair Holdings PLC has a 52 week low of $66.09 and a 52 week high of $89.67.
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Institutional investors have recently made changes to their positions in the stock. Smithfield Trust Co. raised its stake in Ryanair Holdings PLC by 0.9% in the second quarter. Smithfield Trust Co. now owns 1,616 shares of the company’s stock valued at $113,000 after buying an additional 15 shares during the last quarter. Quantbot Technologies LP raised its stake in Ryanair Holdings PLC by 236.6% in the third quarter. Quantbot Technologies LP now owns 1,656 shares of the company’s stock valued at $124,000 after buying an additional 1,164 shares during the last quarter. Westpac Banking Corp bought a new stake in Ryanair Holdings PLC during the second quarter valued at about $186,000. Brinker Capital Inc. bought a new stake in Ryanair Holdings PLC during the second quarter valued at about $201,000. Finally, Bremer Trust National Association bought a new stake in Ryanair Holdings PLC during the third quarter valued at about $202,000. 42.38% of the stock is owned by institutional investors.
Ryanair Holdings PLC 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.
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