Ryanair (RYAAY) Cut to Sell at BidaskClub
BidaskClub lowered shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a sell rating in a report issued on Tuesday.
Other equities research analysts also recently issued reports about the company. Deutsche Bank reissued a buy rating on shares of Ryanair in a report on Tuesday, May 22nd. Zacks Investment Research raised Ryanair from a hold rating to a buy rating and set a $138.00 target price on the stock in a report on Wednesday, April 11th. ValuEngine downgraded Ryanair from a buy rating to a hold rating in a report on Wednesday, May 9th. Exane BNP Paribas downgraded Ryanair from an outperform rating to a neutral rating in a report on Thursday, June 7th. Finally, BNP Paribas downgraded Ryanair from an outperform rating to a neutral rating in a report on Thursday, June 7th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $138.00.
RYAAY stock traded down $0.17 during midday trading on Tuesday, hitting $101.17. The stock had a trading volume of 3,047 shares, compared to its average volume of 366,820. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 14.37 and a beta of 0.64. Ryanair has a 52-week low of $98.27 and a 52-week high of $127.61. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.72.
Large investors have recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in Ryanair by 40.7% in the second quarter. Sei Investments Co. now owns 83,012 shares of the transportation company’s stock valued at $9,483,000 after acquiring an additional 24,022 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Ryanair in the second quarter valued at about $23,704,000. Massachusetts Financial Services Co. MA lifted its holdings in Ryanair by 14.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,539,197 shares of the transportation company’s stock valued at $290,053,000 after acquiring an additional 321,859 shares during the period. First Mercantile Trust Co. lifted its holdings in Ryanair by 28.8% in the second quarter. First Mercantile Trust Co. now owns 6,135 shares of the transportation company’s stock valued at $701,000 after acquiring an additional 1,370 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in Ryanair by 2.3% in the second quarter. Baillie Gifford & Co. now owns 5,936,962 shares of the transportation company’s stock valued at $678,179,000 after acquiring an additional 133,294 shares during the period. 43.88% of the stock is currently owned by hedge funds and other institutional investors.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, continental Europe, Morocco, and Israel. It also offers various ancillary services, such as non-flight scheduled services and Internet-related services; and markets accommodation services and travel insurance through its Website, as well as engages in the in-flight sale of beverages, food, and merchandise.
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