HSBC Holdings plc lowered shares of Ryanair Holdings PLC (NASDAQ:RYAAY) from a buy rating to a reduce rating in a research report sent to investors on Thursday morning, MarketBeat reports.

Other analysts also recently issued reports about the stock. UBS AG downgraded shares of Ryanair Holdings PLC from a buy rating to a neutral rating in a report on Friday, June 2nd. ValuEngine upgraded shares of Ryanair Holdings PLC from a hold rating to a buy rating in a report on Tuesday, June 6th. Citigroup Inc. downgraded shares of Ryanair Holdings PLC from a buy rating to a neutral rating in a report on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) upgraded shares of Ryanair Holdings PLC from a neutral rating to a buy rating and lifted their price objective for the company from $67.56 to $109.00 in a report on Thursday, June 15th. Finally, BidaskClub downgraded shares of Ryanair Holdings PLC from a buy rating to a hold rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $100.33.

Shares of Ryanair Holdings PLC (NASDAQ RYAAY) opened at 108.15 on Thursday. The firm has a 50-day moving average of $115.06 and a 200 day moving average of $101.99. The company has a market capitalization of $26.11 billion, a P/E ratio of 15.42 and a beta of 0.61. Ryanair Holdings PLC has a 52-week low of $67.56 and a 52-week high of $122.68.

Ryanair Holdings PLC (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.02 billion. On average, analysts anticipate that Ryanair Holdings PLC will post $7.58 EPS for the current year.

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Ryanair Holdings PLC declared that its Board of Directors has authorized a share buyback program on Tuesday, May 30th that permits the company to buyback outstanding shares. This buyback authorization permits the transportation company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund acquired a new position in Ryanair Holdings PLC during the second quarter worth $108,000. Mountain Capital Investment Advisors Inc acquired a new position in Ryanair Holdings PLC during the second quarter worth $112,000. Quantbot Technologies LP acquired a new position in Ryanair Holdings PLC during the first quarter worth $106,000. FNY Partners Fund LP acquired a new position in Ryanair Holdings PLC during the first quarter worth $156,000. Finally, PNC Financial Services Group Inc. increased its holdings in Ryanair Holdings PLC by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 40.13% of the company’s stock.

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.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

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