Ryanair Holdings plc (NASDAQ:RYAAY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Ryanair Holdings plc (NASDAQ:RYAAY – Get Rating) have been assigned an average recommendation of “Buy” from the nineteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $75.94.

RYAAY has been the topic of a number of analyst reports. Raymond James upgraded Ryanair from an “outperform” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a report on Tuesday, May 17th. Berenberg Bank dropped their target price on Ryanair from €20.00 ($21.51) to €19.50 ($20.97) and set a “buy” rating on the stock in a research note on Friday, May 20th. Zacks Investment Research upgraded Ryanair from a “sell” rating to a “hold” rating and set a $114.00 target price on the stock in a research note on Friday, February 18th. StockNews.com initiated coverage on Ryanair in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research note on Tuesday, March 22nd.

Shares of NASDAQ:RYAAY opened at $79.68 on Friday. Ryanair has a 12-month low of $74.12 and a 12-month high of $127.25. The business’s fifty day simple moving average is $87.69 and its 200-day simple moving average is $97.29. The company has a market capitalization of $18.08 billion, a PE ratio of -63.24 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67.

Institutional investors and hedge funds have recently modified their holdings of the business. Capital International Investors lifted its holdings in shares of Ryanair by 18.0% in the 1st quarter. Capital International Investors now owns 11,270,188 shares of the transportation company’s stock valued at $981,539,000 after buying an additional 1,722,195 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ryanair by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,998,270 shares of the transportation company’s stock valued at $783,929,000 after buying an additional 532,961 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Ryanair by 11.8% in the 1st quarter. Lazard Asset Management LLC now owns 5,787,913 shares of the transportation company’s stock valued at $504,242,000 after buying an additional 612,114 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Ryanair by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 2,953,810 shares of the transportation company’s stock valued at $325,096,000 after buying an additional 23,924 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in shares of Ryanair by 13.1% in the 1st quarter. William Blair Investment Management LLC now owns 2,923,790 shares of the transportation company’s stock valued at $254,669,000 after buying an additional 338,051 shares during the period.

About Ryanair (Get Rating)

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, Germany, and other European countries. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing of car hire and accommodation services, and travel insurance through its website and mobile app.

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