Ryanair (NASDAQ:RYAAY) Cut to Sell at Stifel Nicolaus

Stifel Nicolaus downgraded shares of Ryanair (NASDAQ:RYAAYGet Rating) from a hold rating to a sell rating in a research report report published on Wednesday morning, The Fly reports.

RYAAY has been the subject of a number of other research reports. Raymond James reduced their target price on Ryanair from $125.00 to $112.00 and set a strong-buy rating for the company in a report on Tuesday, July 5th. UBS Group increased their price target on Ryanair from €19.20 ($19.59) to €21.00 ($21.43) in a report on Wednesday, August 10th. Berenberg Bank cut their price target on Ryanair from €20.00 ($20.41) to €19.50 ($19.90) and set a buy rating for the company in a report on Friday, May 20th. Finally, JPMorgan Chase & Co. increased their price target on Ryanair from €19.00 ($19.39) to €19.20 ($19.59) and gave the company an overweight rating in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $49.78.

Ryanair Price Performance

Shares of Ryanair stock opened at $68.73 on Wednesday. The business has a 50 day simple moving average of $72.25 and a two-hundred day simple moving average of $79.80. Ryanair has a 12 month low of $65.07 and a 12 month high of $127.25. The stock has a market capitalization of $15.60 billion, a P/E ratio of 63.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.08 and a quick ratio of 1.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Capital International Investors boosted its position in shares of Ryanair by 18.0% during the first quarter. Capital International Investors now owns 11,270,188 shares of the transportation company’s stock worth $981,539,000 after buying an additional 1,722,195 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Ryanair by 11.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,007,784 shares of the transportation company’s stock worth $673,025,000 after buying an additional 1,009,514 shares during the period. Baillie Gifford & Co. boosted its position in shares of Ryanair by 4.5% during the second quarter. Baillie Gifford & Co. now owns 9,685,552 shares of the transportation company’s stock worth $651,353,000 after buying an additional 417,273 shares during the period. Lazard Asset Management LLC boosted its position in shares of Ryanair by 4.4% during the second quarter. Lazard Asset Management LLC now owns 6,042,557 shares of the transportation company’s stock worth $406,360,000 after buying an additional 254,644 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Ryanair by 13.1% during the first quarter. William Blair Investment Management LLC now owns 2,923,790 shares of the transportation company’s stock worth $254,669,000 after buying an additional 338,051 shares during the period. 43.70% of the stock is currently owned by hedge funds and other institutional investors.

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, duty-free, and merchandise; and marketing of car hire and accommodation services, and travel insurance through its website and mobile app.

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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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