Ryanair Holdings PLC (NASDAQ:RYAAY) Receives $73.97 Consensus PT from Brokerages

Ryanair Holdings PLC (NASDAQ:RYAAY) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $73.9750.

Several research firms have issued reports on RYAAY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Morgan Stanley initiated coverage on Ryanair in a report on Friday, August 14th. They set an “overweight” rating and a $62.90 price objective on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $74.00 target price on shares of Ryanair in a report on Monday, August 24th. Finally, Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 4th.

Ryanair Stock Down 2.1%

Shares of NASDAQ:RYAAY opened at $54.69 on Monday. The company has a market capitalization of $28.35 billion, a P/E ratio of 13.15, a P/E/G ratio of 4.77 and a beta of 1.16. Ryanair has a 52-week low of $51.68 and a 52-week high of $74.24. The stock’s fifty day simple moving average is $56.89 and its 200-day simple moving average is $59.02.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. On average, sell-side analysts anticipate that Ryanair will post 3.84 earnings per share for the current year.

Ryanair Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 7th will be paid a $0.4434 dividend. Ryanair’s dividend payout ratio (DPR) is currently 28.12%.

Insider Activity

In other news, insider John Hurley sold 15,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $31.24, for a total transaction of $468,600.00. Following the transaction, the insider directly owned 76,025 shares of the company’s stock, valued at approximately $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Ryanair

Hedge funds have recently added to or reduced their stakes in the business. Hudson Edge Investment Partners Inc. raised its stake in shares of Ryanair by 2.9% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock worth $56,485,000 after buying an additional 27,700 shares in the last quarter. Maven Securities LTD acquired a new stake in shares of Ryanair during the fourth quarter valued at approximately $11,255,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Ryanair in the first quarter worth $4,190,000. Metropolis Capital Ltd grew its stake in Ryanair by 10.8% during the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after acquiring an additional 385,444 shares in the last quarter. Finally, Trinity Street Asset Management LLP grew its position in Ryanair by 3.2% during the second quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock valued at $230,992,000 after purchasing an additional 110,700 shares in the last quarter. Institutional investors and hedge funds own 43.65% of the company’s stock.

Ryanair Company Profile

Ryanair Holdings plc is an Irish airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair, Ryanair UK, Malta Air, Buzz and Lauda, the group connects a broad network of destinations with a focus on affordable fares, high aircraft utilization and short-haul travel.

The company serves markets throughout the United Kingdom and continental Europe, as well as selected destinations in North Africa and the Middle East.