JPMorgan Chase & Co. downgraded shares of Ryanair (NASDAQ:RYAAY) from an overweight rating to a neutral rating in a research report report published on Tuesday morning, Briefing.com Automated Import reports.
Several other research analysts have also weighed in on RYAAY. ValuEngine raised Ryanair from a strong sell rating to a sell rating in a research report on Monday, April 1st. BidaskClub lowered Ryanair from a sell rating to a strong sell rating in a report on Saturday, May 18th. HSBC lowered Ryanair from a buy rating to a hold rating and set a $73.00 price objective on the stock. in a report on Tuesday, April 2nd. Zacks Investment Research raised Ryanair from a hold rating to a buy rating and set a $76.00 price objective on the stock in a report on Monday, January 21st. Finally, Raymond James raised Ryanair from a market perform rating to an outperform rating and set a $85.00 price objective on the stock in a report on Wednesday, January 30th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $76.33.
Shares of RYAAY stock opened at $69.80 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. Ryanair has a fifty-two week low of $65.61 and a fifty-two week high of $121.45. The stock has a market capitalization of $16.35 billion, a price-to-earnings ratio of 13.58 and a beta of 0.73.
Several hedge funds and other institutional investors have recently modified their holdings of RYAAY. Diversified Trust Co boosted its stake in Ryanair by 17.9% during the 1st quarter. Diversified Trust Co now owns 24,399 shares of the transportation company’s stock valued at $1,828,000 after purchasing an additional 3,697 shares during the period. GYL Financial Synergies LLC bought a new stake in Ryanair during the 1st quarter valued at approximately $224,000. Equitable Trust Co. boosted its stake in Ryanair by 1.3% during the 1st quarter. Equitable Trust Co. now owns 21,793 shares of the transportation company’s stock valued at $1,633,000 after purchasing an additional 289 shares during the period. Kore Private Wealth LLC bought a new stake in shares of Ryanair in the 1st quarter worth approximately $237,000. Finally, Covenant Partners LLC bought a new stake in shares of Ryanair in the 1st quarter worth approximately $472,000. 45.80% of the stock is currently owned by institutional investors and hedge funds.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.
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