Ryanair (NASDAQ:RYAAY) Upgraded at UBS Group

UBS Group upgraded shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other research analysts also recently commented on RYAAY. StockNews.com raised Ryanair from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Sanford C. Bernstein reduced their target price on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, Citigroup raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $154.67.

Ryanair Price Performance

RYAAY stock opened at $44.58 on Monday. Ryanair has a 1 year low of $36.96 and a 1 year high of $60.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 2.62 and a beta of 1.54. The company has a 50 day simple moving average of $68.96 and a 200 day simple moving average of $99.22.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% and a net margin of 11.38%. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. Research analysts anticipate that Ryanair will post 2.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Ryanair

Several hedge funds and other institutional investors have recently bought and sold shares of RYAAY. Massachusetts Financial Services Co. MA boosted its position in shares of Ryanair by 188.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock worth $1,231,762,000 after purchasing an additional 17,810,361 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Ryanair by 175.7% in the third quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock worth $1,063,939,000 after acquiring an additional 15,008,023 shares in the last quarter. Capital International Investors boosted its holdings in Ryanair by 34.9% in the first quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock worth $2,099,700,000 after acquiring an additional 3,734,770 shares in the last quarter. Capital World Investors grew its stake in Ryanair by 30.0% in the first quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock valued at $1,759,590,000 after acquiring an additional 2,791,513 shares during the period. Finally, FMR LLC increased its holdings in shares of Ryanair by 35.3% during the third quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock valued at $394,631,000 after acquiring an additional 2,279,679 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.