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StockNews.com downgrades Ryanair (NASDAQ:RYAAY) to Hold.

In a report that was published on Friday, the analysts at StockNews.com changed their recommendation for Ryanair (NASDAQ: RYAAY) from a “buy” rating to a “hold” rating.


Last but not least, Liberum Capital downgraded its recommendation on shares of Ryanair from “buy” to “hold” in a research report made public on October 12. One of the equity research analysts has assigned the stock a rating of sell. Four of them have assigned a recommendation to hold the stock. Six of them have assigned it a rating of buy, and one of them has assigned it a rating of strong buy. According to reports on Bloomberg.com, the company has been given an average rating of “Moderate Buy” across the board, and the average price target across the board is $47.87.
When trading started on Friday, the price of one share of RYAAY stock was $67.86 per share. There is a debt-to-equity ratio of 0.59, a quick ratio of 1.08, a current ratio of 1.08, and a quick ratio of 1.08. Over the past year and a half, the cheapest fare offered by Ryanair was $55.90, while the most expensive fare offered by Ryanair was $127.25. The company has a market capitalization of $15.43 billion, a PE ratio of 62.83, a beta of 1.44, a fifty-day moving average is $66.23, and its 200-day moving average is $74.67. The firm’s fifty-day moving average is lower than the company’s 200-day moving average, which is $74.67.

Ryanair (NASDAQ: RYAAY) released its most recent financial results to the public on Monday, July 25. The earnings reported by the transportation company for the previous quarter came in at $0.11, or $0.80 per share, which was higher than the predictions made by analysts on average. In addition, the revenue the company brought in for the quarter was $2.77 billion, which is higher than the forecasted amount of $2.73 billion expected. Last year, Ryanair had a net margin of 3.13 percent and an equity return of 1.85 percent. Analysts who study stocks think that Ryanair will earn 5.26 cents per share in the current fiscal year.

In recent months, institutional investors, such as hedge funds, have either increased or decreased their stakes in the company, depending on the path they choose to take. During the first three months of the year, Harding Loevner LP completed the purchase of a new Ryanair holding that was estimated to be worth approximately $48,000. During the second quarter, Parallel Advisors LLC acquired a new stake in Ryanair that was estimated to be worth approximately $64,000. In addition, the amount of money that Ronald Blue Trust Inc. had invested in Ryanair increased by more than $98,000 during the second quarter of the year. During the first three months of this year, Migdal Insurance & Financial Position Ltd. saw a 55.7% increase in the proportion of Ryanair shares it owned as a percentage of the company. Following the acquisition of an additional 423 shares during the most recent quarter, Migdal Insurance & Financial Holdings Ltd. now has a total of 1,183 shares of the transportation company’s stock. The stock has a total value of $100,000 due to the total number of shares held by the company.
Last but not least, during the third quarter, Whittier Trust Co. of Nevada Inc. increased the percentage of Ryanair shares it owned by 656.4%, making it the company’s largest quarterly increase. Whittier Trust Co. of Nevada Inc. now has a total of 1,770 stock held by the transportation company, which it obtained by purchasing an additional 1,536 shares during the preceding quarter, bringing the total number of shares it owns to a total of 1,770. The total value of these shares amounts to 103 thousand dollars. To the tune of 43.70 percent of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.

Ryanair Holdings plc provides regular passenger airline flights in several European countries, including Germany, Italy, Spain, France, Ireland, and the United Kingdom. These nations are all serviced by subsidiaries of Ryanair Holdings plc. In addition, it provides services unrelated to the planning of flights, such as services related to the Internet, and it sells alcoholic beverages, food, duty-free goods, and souvenirs to passengers while in the air. Through both its website and mobile app, it promotes additional services, including the ability to rent automobiles, stay overnight in hotels, and acquire travel insurance.

The post StockNews.com downgrades Ryanair (NASDAQ:RYAAY) to Hold. appeared first on Best Stocks.



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StockNews.com downgrades Ryanair (NASDAQ:RYAAY) to Hold.

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