Ryanair (NASDAQ:RYAAY) Rating Lowered to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Ryanair (NASDAQ:RYAAY) from a neutral rating to an underweight rating in a research note issued to investors on Monday morning, The Fly reports.

Several other research analysts have also issued reports on RYAAY. Raymond James cut their target price on shares of Ryanair from $80.00 to $77.00 and set an outperform rating for the company in a research report on Thursday, July 11th. Deutsche Bank upgraded shares of Ryanair from a hold rating to a buy rating in a research report on Friday, June 7th. BidaskClub upgraded shares of Ryanair from a strong sell rating to a sell rating in a research report on Tuesday, July 23rd. Canaccord Genuity lowered shares of Ryanair from a buy rating to a hold rating in a research report on Wednesday, June 5th. Finally, HSBC lowered shares of Ryanair from a hold rating to a reduce rating in a research report on Wednesday, May 22nd. Seven research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $75.33.

RYAAY stock traded down $0.17 during midday trading on Monday, reaching $61.82. 100 shares of the company’s stock traded hands, compared to its average volume of 489,687. The firm has a 50-day moving average price of $64.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.93. Ryanair has a 52 week low of $60.83 and a 52 week high of $103.15. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 12.06 and a beta of 0.79.

Ryanair (NASDAQ:RYAAY) last released its quarterly 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). The firm had revenue of $1.45 billion during the quarter. Ryanair had a return on equity of 18.40% and a net margin of 10.47%. On average, sell-side analysts forecast that Ryanair will post 4.07 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Ryanair by 3.6% in the fourth quarter. BlackRock Inc. now owns 946,458 shares of the transportation company’s stock worth $67,522,000 after purchasing an additional 33,300 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ryanair by 9.5% in the fourth quarter. Geode Capital Management LLC now owns 168,345 shares of the transportation company’s stock worth $12,009,000 after purchasing an additional 14,611 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Ryanair by 2,068.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 43,306 shares of the transportation company’s stock worth $3,089,000 after purchasing an additional 45,506 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Ryanair in the fourth quarter worth $1,293,000. Finally, Jane Street Group LLC boosted its stake in Ryanair by 389.6% in the fourth quarter. Jane Street Group LLC now owns 11,942 shares of the transportation company’s stock worth $852,000 after purchasing an additional 9,503 shares in the last quarter. 43.29% 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, 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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The Fly

Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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