Ryanair (NASDAQ:RYAAY) Shares Gap Down to $121.45

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) gapped down before the market opened on Friday . The stock had previously closed at $121.45, but opened at $118.94. Ryanair shares last traded at $118.14, with a volume of 30,330 shares.

Analyst Upgrades and Downgrades

RYAAY has been the topic of a number of research analyst reports. HSBC downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday. Evercore ISI lifted their target price on shares of Ryanair from $145.00 to $155.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Barclays cut shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. Finally, UBS Group cut shares of Ryanair from a “buy” rating to a “neutral” rating in a research report on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $158.50.

Ryanair Trading Down 2.8 %

The business’s 50-day moving average price is $122.00 and its two-hundred day moving average price is $131.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $26.67 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, May 20th. The transportation company reported ($1.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.32) by $0.01. Ryanair had a net margin of 14.30% and a return on equity of 25.61%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.33 billion. Equities analysts expect that Ryanair Holdings plc will post 11.19 earnings per share for the current year.

Hedge Funds Weigh In On Ryanair

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in Ryanair by 44.9% during the first quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after buying an additional 75 shares during the period. Contravisory Investment Management Inc. grew its stake in Ryanair by 4.8% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,840 shares of the transportation company’s stock worth $245,000 after buying an additional 85 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Ryanair by 25.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 912 shares of the transportation company’s stock worth $133,000 after buying an additional 187 shares during the period. Transcendent Capital Group LLC purchased a new stake in Ryanair during the first quarter worth approximately $29,000. Finally, Verdence Capital Advisors LLC grew its stake in Ryanair by 2.5% during the first quarter. Verdence Capital Advisors LLC now owns 8,795 shares of the transportation company’s stock worth $1,280,000 after buying an additional 211 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

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.