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Ryanair Holdings Plc (NASDAQ:RYAAY) Receives Average Recommendation of "Moderate Buy" From Brokerages

Defense World ·  Sep 18, 2022 02:31

Ryanair Holdings plc (NASDAQ:RYAAY – Get Rating) has received a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $49.78.

Several equities research analysts recently commented on RYAAY shares. Raymond James dropped their target price on Ryanair from $125.00 to $112.00 and set a "strong-buy" rating on the stock in a report on Tuesday, July 5th. JPMorgan Chase & Co. raised their price objective on Ryanair from €19.00 ($19.39) to €19.20 ($19.59) and gave the company an "overweight" rating in a research note on Tuesday, July 26th. UBS Group raised their target price on Ryanair from €19.20 ($19.59) to €21.00 ($21.43) in a report on Wednesday, August 10th. Finally, Stifel Nicolaus lowered Ryanair from a "hold" rating to a "sell" rating in a research note on Wednesday.

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Ryanair Stock Down 2.4 %

NASDAQ:RYAAY opened at $68.01 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50-day simple moving average of $72.30 and a 200 day simple moving average of $79.37. Ryanair has a one year low of $65.07 and a one year high of $127.25. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 62.97 and a beta of 1.40.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Capital International Investors increased its holdings in 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 last quarter. Massachusetts Financial Services Co. MA grew its stake 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 last quarter. Lazard Asset Management LLC grew its stake in shares of Ryanair by 11.8% during the first quarter. Lazard Asset Management LLC now owns 5,787,913 shares of the transportation company's stock worth $504,242,000 after buying an additional 612,114 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Ryanair by 27.5% in the first quarter. Royal Bank of Canada now owns 2,038,087 shares of the transportation company's stock worth $177,557,000 after purchasing an additional 439,740 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Ryanair by 4.5% in the second quarter. Baillie Gifford & Co. now owns 9,685,552 shares of the transportation company's stock valued at $651,353,000 after buying an additional 417,273 shares during the period. Institutional investors own 43.70% of the company's stock.

About Ryanair

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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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