UBS Group Lowers Ryanair (NASDAQ:RYAAY) to Neutral

UBS Group lowered shares of Ryanair (NASDAQ:RYAAYFree Report) from a buy rating to a neutral rating in a report published on Thursday morning, MarketBeat reports.

RYAAY has been the topic of a number of other reports. Evercore ISI raised their price objective on shares of Ryanair from $145.00 to $155.00 and gave the company an in-line rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft downgraded shares of Ryanair from a buy rating to a hold rating in a research report on Friday, May 24th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ryanair has an average rating of Hold and a consensus target price of $158.50.

View Our Latest Analysis on Ryanair

Ryanair Stock Up 1.4 %

Shares of NASDAQ RYAAY opened at $114.24 on Thursday. Ryanair has a 12-month low of $87.18 and a 12-month high of $150.73. The company has a market cap of $25.99 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.89 and a beta of 1.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $127.91 and a 200 day moving average price of $133.08.

Ryanair (NASDAQ:RYAAYGet Free Report) last issued its earnings results on Monday, May 20th. The transportation company reported ($1.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.01. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Ryanair had a net margin of 14.30% and a return on equity of 25.59%. Research analysts anticipate that Ryanair will post 11.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Ryanair

Hedge funds have recently bought and sold shares of the stock. Brave Warrior Advisors LLC purchased a new position in Ryanair in the fourth quarter valued at about $870,000. Assenagon Asset Management S.A. acquired a new stake in Ryanair during the fourth quarter valued at $3,708,000. Sprucegrove Investment Management Ltd. lifted its position in shares of Ryanair by 9.9% in the fourth quarter. Sprucegrove Investment Management Ltd. now owns 2,737,862 shares of the transportation company’s stock worth $365,121,000 after buying an additional 246,850 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of Ryanair by 49.9% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 37,486 shares of the transportation company’s stock worth $4,999,000 after buying an additional 12,486 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Ryanair in the fourth quarter worth about $913,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Company Profile

(Get Free Report)

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.

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