Kepler Capital Markets downgraded shares of Ryanair Holdings PLC (NASDAQ:RYAAY) from a hold rating to a reduce rating in a research note published on Thursday morning, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on RYAAY. UBS AG cut Ryanair Holdings PLC from a buy rating to a neutral rating in a report on Friday, June 2nd. ValuEngine raised Ryanair Holdings PLC from a hold rating to a buy rating in a report on Tuesday, June 6th. HSBC Holdings plc raised Ryanair Holdings PLC from a hold rating to a buy rating in a report on Tuesday, July 25th. Citigroup Inc. cut Ryanair Holdings PLC from a buy rating to a neutral rating in a report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) raised Ryanair Holdings PLC from a neutral rating to a buy rating and upped their target price for the stock from $67.56 to $109.00 in a report on Thursday, June 15th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $100.33.

Shares of Ryanair Holdings PLC (NASDAQ RYAAY) opened at 106.04 on Thursday. Ryanair Holdings PLC has a 12 month low of $67.56 and a 12 month high of $122.68.

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

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Ryanair Holdings PLC announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 30th that authorizes the company to repurchase shares. This repurchase authorization authorizes the transportation company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge funds have recently modified their holdings of the company. Baldwin Investment Management LLC increased its stake in shares of Ryanair Holdings PLC by 0.5% in the second quarter. Baldwin Investment Management LLC now owns 9,095 shares of the transportation company’s stock valued at $979,000 after buying an additional 44 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Ryanair Holdings PLC by 82.5% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 10,950 shares of the transportation company’s stock valued at $1,178,000 after buying an additional 4,950 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Ryanair Holdings PLC by 9.2% in the second quarter. State of Tennessee Treasury Department now owns 176,627 shares of the transportation company’s stock valued at $19,007,000 after buying an additional 14,841 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Ryanair Holdings PLC by 2.1% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,750 shares of the transportation company’s stock valued at $1,307,000 after buying an additional 320 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Ryanair Holdings PLC in the first quarter valued at about $2,057,000. 40.35% 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.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

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