Ryanair (NASDAQ:RYAAY) had its price objective lifted by JPMorgan Chase & Co. to €21.00 ($23.86) in a research report issued to clients and investors on Friday, The Fly reports.
A number of other analysts have also weighed in on RYAAY. Barclays restated an “overweight” rating on shares of Ryanair in a research note on Tuesday, November 2nd. Oddo Bhf downgraded shares of Ryanair from an “outperform” rating to a “neutral” rating in a report on Monday, November 15th. Sanford C. Bernstein downgraded shares of Ryanair from an “outperform” rating to a “market perform” rating in a report on Monday, November 8th. Wolfe Research downgraded shares of Ryanair from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 12th. Finally, Liberum Capital raised shares of Ryanair from a “hold” rating to a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $104.87.
Shares of Ryanair stock traded down $1.66 during trading on Friday, hitting $113.44. The company’s stock had a trading volume of 218,243 shares, compared to its average volume of 349,989. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.34 and a current ratio of 1.34. The company has a fifty day simple moving average of $106.26 and a two-hundred day simple moving average of $108.97. The company has a market capitalization of $25.71 billion, a PE ratio of -32.44 and a beta of 1.58. Ryanair has a 52 week low of $94.68 and a 52 week high of $127.25.
Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, November 1st. The transportation company reported $1.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.64). The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.34 billion. Ryanair had a negative return on equity of 14.51% and a negative net margin of 25.41%. As a group, analysts predict that Ryanair will post -1.42 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC raised its position in shares of Ryanair by 2.7% during the second quarter. Profund Advisors LLC now owns 4,488 shares of the transportation company’s stock valued at $486,000 after buying an additional 117 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of Ryanair by 3.5% during the third quarter. First Republic Investment Management Inc. now owns 3,975 shares of the transportation company’s stock valued at $437,000 after buying an additional 134 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Ryanair by 1.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,181 shares of the transportation company’s stock valued at $1,318,000 after buying an additional 144 shares during the last quarter. Assetmark Inc. raised its position in shares of Ryanair by 133.6% during the third quarter. Assetmark Inc. now owns 271 shares of the transportation company’s stock valued at $30,000 after buying an additional 155 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Ryanair by 5.3% during the third quarter. M&T Bank Corp now owns 3,115 shares of the transportation company’s stock valued at $343,000 after buying an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 43.59% of the company’s stock.
About Ryanair
Ryanair Holdings Plc engages in the provision of low fares airline-related services. It 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.
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