Trading Report: The Ryanair Holdings PLC (RYAAY) gets “Hold” status at Zacks Investment Research

The Ryanair Holdings PLC (RYAAY) gets “Hold” status at Zacks Investment Research

Zacks Investment Research downgraded shares of Ryanair Holdings PLC (NASDAQ:RYAAY) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “Ryanair operates an ultra-low cost, scheduled airline serving short-haul, point-to-point routes largely in Europe from its bases in airports across Europe. The company offers over 1,600 scheduled short-haul flights per day serving airports largely throughout Europe, with a principal fleet of Boeing 737-800 aircraft. “

A number of other equities analysts also recently commented on the stock. Deutsche Bank AG downgraded shares of Ryanair Holdings PLC from a buy rating to a hold rating in a research note on Wednesday, September 7th. Beaufort Securities reissued a buy rating on shares of Ryanair Holdings PLC in a research note on Wednesday, October 5th. Macquarie raised shares of Ryanair Holdings PLC from an underperform rating to a neutral rating in a research note on Tuesday, July 5th. Finally, Evercore ISI downgraded shares of Ryanair Holdings PLC from a buy rating to a hold rating and set a $90.00 price objective for the company. in a research note on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $89.50.

Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 68.00 on Wednesday. Ryanair Holdings PLC has a 12-month low of $66.09 and a 12-month high of $89.67. The company has a market capitalization of $17.06 billion, a PE ratio of 10.37 and a beta of 0.83. The stock’s 50 day moving average price is $74.29 and its 200 day moving average price is $76.73.

Several large investors have recently made changes to their positions in the stock. Smithfield Trust Co. raised its stake in shares of Ryanair Holdings PLC by 0.9% in the second quarter. Smithfield Trust Co. now owns 1,616 shares of the company’s stock worth $113,000 after buying an additional 15 shares during the period. Westpac Banking Corp bought a new stake in shares of Ryanair Holdings PLC during the second quarter worth $186,000. Bremer Trust National Association bought a new stake in shares of Ryanair Holdings PLC during the third quarter worth $202,000. Brinker Capital Inc. bought a new stake in shares of Ryanair Holdings PLC during the second quarter worth $201,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Ryanair Holdings PLC during the first quarter worth $254,000. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Holdings PLC Company Profile

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates a low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe and Morocco. The Company’s principal fleet consists of Boeing 737-800 aircraft, each having 189 seats.

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