Ryanair (NASDAQ:RYAAY) Upgraded to Strong-Buy at UBS Group

UBS Group upgraded shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Sanford C. Bernstein reduced their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Citigroup raised Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $154.67.

Ryanair Trading Down 1.9 %

Shares of RYAAY opened at $45.47 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. Ryanair has a 1-year low of $36.96 and a 1-year high of $60.29. The stock has a market capitalization of $24.88 billion, a P/E ratio of 15.16, a P/E/G ratio of 2.67 and a beta of 1.54. The business’s 50-day moving average price is $70.28 and its 200 day moving average price is $99.88.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% and a net margin of 11.38%. The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the previous year, the firm posted $2.88 earnings per share. Analysts expect that Ryanair will post 2.97 earnings per share for the current year.

Institutional Investors Weigh In On Ryanair

Institutional investors have recently made changes to their positions in the stock. Gallacher Capital Management LLC raised its position in shares of Ryanair by 4.1% during the second quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock worth $442,000 after purchasing an additional 150 shares during the period. Transcendent Capital Group LLC bought a new position in shares of Ryanair during the first quarter valued at about $29,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Ryanair by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock worth $2,939,000 after purchasing an additional 212 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Ryanair by 256.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after buying an additional 215 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Ryanair by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 8,876 shares of the transportation company’s stock worth $1,292,000 after purchasing an additional 232 shares during the period. Institutional investors own 43.66% of the company’s stock.

About Ryanair

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.