Ryanair Holdings PLC (NASDAQ:RYAAY) Receives $79.50 Average PT from Analysts

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $79.50.

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Zacks Research upgraded shares of Ryanair from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st.

Insider Activity at Ryanair

In other news, insider Darrell Thomas Hughes sold 8,197 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $213,203.97. Following the transaction, the insider owned 37,362 shares of the company’s stock, valued at $971,785.62. This represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carol Marie Sharkey sold 6,999 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $182,043.99. Following the completion of the transaction, the insider owned 14,136 shares in the company, valued at $367,677.36. This represents a 33.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 126,607 shares of company stock worth $3,386,997.

Institutional Trading of Ryanair

A number of hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Ryanair by 645,657.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock worth $201,386,000 after purchasing an additional 2,789,240 shares during the period. Capital International Investors lifted its position in shares of Ryanair by 6.6% in the fourth quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after purchasing an additional 2,464,742 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Ryanair by 58.0% during the 4th quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after buying an additional 1,429,666 shares during the last quarter. Norges Bank acquired a new position in Ryanair during the fourth quarter valued at approximately $91,970,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Ryanair by 15.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock valued at $527,341,000 after buying an additional 985,939 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Down 1.0%

Shares of NASDAQ:RYAAY opened at $60.55 on Friday. The firm has a market cap of $31.46 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.93 and a beta of 1.16. The company’s 50-day moving average price is $61.29 and its two-hundred day moving average price is $61.88. Ryanair has a 12 month low of $53.14 and a 12 month high of $74.24.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.18). The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. As a group, equities analysts predict that Ryanair will post 3.95 earnings per share for the current fiscal year.

Ryanair Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.4434 per share. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s payout ratio is currently 17.07%.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.