Today, The Zacks Investment Research Upgraded Ryanair Holdings PLC (RYAAY) to “Hold”

Today, The Zacks Investment Research Upgraded Ryanair Holdings PLC (RYAAY) to “Hold”

Ryanair Holdings PLC (NASDAQ:RYAAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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. “

Several other brokerages also recently commented on RYAAY. HSBC raised shares of Ryanair Holdings PLC from a “reduce” rating to a “hold” rating in a research note on Wednesday, November 2nd. Berenberg Bank started coverage on shares of Ryanair Holdings PLC in a research note on Friday, November 11th. They issued a “buy” rating 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 reaffirmed a “buy” rating on shares of Ryanair Holdings PLC in a research note on Friday, October 21st. Finally, BNP Paribas reaffirmed a “buy” rating on shares of Ryanair Holdings PLC in a research note on Thursday, October 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.50.

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 82.30 on Tuesday. The stock has a 50 day moving average of $76.78 and a 200 day moving average of $75.58. Ryanair Holdings PLC has a one year low of $66.09 and a one year high of $89.67. The stock has a market cap of $20.64 billion, a P/E ratio of 15.51 and a beta of 0.80.

Several hedge funds have recently made changes to their positions in RYAAY. Smithfield Trust Co. boosted 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. Quantbot Technologies LP boosted its position in shares of Ryanair Holdings PLC by 236.6% in the third quarter. Quantbot Technologies LP now owns 1,656 shares of the company’s stock worth $124,000 after buying an additional 1,164 shares during the last quarter. Westpac Banking Corp purchased a new position in shares of Ryanair Holdings PLC during the second quarter worth about $186,000. Brinker Capital Inc. purchased a new position in shares of Ryanair Holdings PLC during the second quarter worth about $201,000. Finally, Bremer Trust National Association purchased a new position in shares of Ryanair Holdings PLC during the third quarter worth about $202,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

About Ryanair Holdings PLC

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.

Related posts

Leave a Comment