Ryanair (NASDAQ:RYAAY) Stock Rating Upgraded by Zacks Research

Ryanair (NASDAQ:RYAAY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

RYAAY has been the topic of several other reports. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $71.00 price objective on shares of Ryanair in a research report on Tuesday. Finally, Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $73.50.

Ryanair Stock Performance

RYAAY stock traded up $1.37 during mid-day trading on Tuesday, hitting $70.07. The company had a trading volume of 604,593 shares, compared to its average volume of 1,364,706. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.67. The firm has a market cap of $36.78 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.65 and a beta of 1.25. Ryanair has a 12 month low of $38.52 and a 12 month high of $74.24. The stock’s fifty day moving average price is $69.45 and its two-hundred day moving average price is $64.36.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.16 billion. On average, analysts forecast that Ryanair will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Ryanair

A number of institutional investors and hedge funds have recently modified their holdings of the stock. USA Financial Formulas acquired a new stake in Ryanair in the 3rd quarter worth about $26,000. CIBC Private Wealth Group LLC raised its stake in Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares in the last quarter. UMB Bank n.a. boosted its stake in Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after purchasing an additional 497 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Ryanair by 250.9% during the second quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after buying an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Company Profile

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.