StockNews.com Downgrades Ryanair (NASDAQ:RYAAY) to Hold

Ryanair (NASDAQ:RYAAY) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other research analysts have also issued reports about the company. UBS Group raised Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $46.79 on Tuesday. The company has a market cap of $25.29 billion, a PE ratio of 15.60, a P/E/G ratio of 1.97 and a beta of 1.50. Ryanair has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The firm has a 50-day simple moving average of $44.21 and a 200 day simple moving average of $68.68. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.22.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. On average, sell-side analysts anticipate that Ryanair will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Coronation Fund Managers Ltd. grew its position in Ryanair by 21.0% in the fourth quarter. Coronation Fund Managers Ltd. now owns 730,732 shares of the transportation company’s stock worth $31,853,000 after acquiring an additional 126,618 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Ryanair by 8.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company’s stock worth $147,000 after purchasing an additional 259 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Ryanair by 172.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 75,354 shares of the transportation company’s stock worth $3,285,000 after purchasing an additional 47,673 shares in the last quarter. Bleakley Financial Group LLC increased its position in Ryanair by 2.6% during the fourth quarter. Bleakley Financial Group LLC now owns 23,061 shares of the transportation company’s stock worth $1,005,000 after buying an additional 585 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Ryanair by 148.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,371 shares of the transportation company’s stock valued at $1,422,000 after buying an additional 19,320 shares in the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Company Profile

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.