Ryanair (RYAAY) Stock Rating Lowered by JPMorgan Chase & Co.

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.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, May 20th. The transportation company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.10). Ryanair had a return on equity of 20.34% and a net margin of 11.69%. The firm had revenue of $1.45 billion during the quarter. Equities research analysts expect that Ryanair will post 5.1 earnings per share for the current fiscal year.

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.

About Ryanair

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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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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