Ryanair (NASDAQ:RYAAY) Upgraded at Wall Street Zen

Ryanair (NASDAQ:RYAAY) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the company. Raymond James Financial restated a “strong-buy” rating on shares of Ryanair in a research note on Wednesday. Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a research report on Wednesday, May 21st. Citigroup restated a “buy” rating on shares of Ryanair in a report on Wednesday, May 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $108.50.

Ryanair Stock Down 0.8%

RYAAY stock opened at $57.82 on Friday. The firm has a market capitalization of $30.72 billion, a PE ratio of 18.09, a P/E/G ratio of 0.99 and a beta of 1.38. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.24. Ryanair has a twelve month low of $36.96 and a twelve month high of $58.55. The stock’s 50 day moving average is $54.21 and its 200-day moving average is $48.16.

Institutional Trading of Ryanair

Several hedge funds have recently added to or reduced their stakes in RYAAY. Price T Rowe Associates Inc. MD bought a new position in shares of Ryanair during the 1st quarter valued at approximately $118,071,000. Capital International Investors grew its holdings in Ryanair by 6.1% during the fourth quarter. Capital International Investors now owns 38,800,258 shares of the transportation company’s stock valued at $1,691,536,000 after purchasing an additional 2,231,153 shares during the period. Massachusetts Financial Services Co. MA increased its position in Ryanair by 4.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock worth $1,242,480,000 after buying an additional 1,233,059 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Ryanair by 47.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,128,742 shares of the transportation company’s stock valued at $136,382,000 after buying an additional 1,000,543 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Ryanair during the 4th quarter valued at $39,816,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Company Profile

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.