Ryanair (NASDAQ:RYAAY) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, January 23rd.
Other equities analysts also recently issued research reports about the company. UBS Group upgraded Ryanair from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Citigroup assumed coverage on Ryanair in a research report on Monday, November 20th. They issued a “buy” rating for the company. ValuEngine downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded Ryanair from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Finally, Sanford C. Bernstein upgraded Ryanair from an “underperform” rating to a “market perform” rating in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Ryanair presently has an average rating of “Hold” and a consensus price target of $96.00.
Ryanair (NASDAQ:RYAAY) traded up $1.84 during trading on Tuesday, hitting $120.84. The company had a trading volume of 446,446 shares, compared to its average volume of 412,492. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $27,654.63, a P/E ratio of 17.27, a PEG ratio of 0.93 and a beta of 0.67. Ryanair has a 1-year low of $78.35 and a 1-year high of $127.35.
Ryanair announced that its Board of Directors has approved a share repurchase program on Monday, February 5th that authorizes the company to buyback shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of large investors have recently bought and sold shares of RYAAY. Capital International Investors lifted its holdings in shares of Ryanair by 0.3% in the third quarter. Capital International Investors now owns 4,450,328 shares of the transportation company’s stock valued at $469,154,000 after purchasing an additional 12,553 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Ryanair in the second quarter valued at about $366,606,000. USA Financial Portformulas Corp bought a new stake in shares of Ryanair in the third quarter valued at about $255,000. Capital Bank & Trust Co lifted its holdings in shares of Ryanair by 33.3% in the third quarter. Capital Bank & Trust Co now owns 297,171 shares of the transportation company’s stock valued at $31,328,000 after purchasing an additional 74,268 shares in the last quarter. Finally, Voya Investment Management LLC bought a new stake in shares of Ryanair in the second quarter valued at about $313,000. 41.97% of the stock is owned by hedge funds and other institutional investors.
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Ryanair Company Profile
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair 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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