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 research firms have also weighed in on RYAAY. Evercore ISI lowered shares of Ryanair Holdings PLC from a buy rating to a hold rating and set a $90.00 target price for the company. in a report on Monday, June 27th. Deutsche Bank AG lowered shares of Ryanair Holdings PLC from a buy rating to a hold rating in a report on Wednesday, September 7th. Beaufort Securities reiterated a buy rating on shares of Ryanair Holdings PLC in a report on Wednesday, October 5th. Finally, Macquarie upgraded shares of Ryanair Holdings PLC from an underperform rating to a neutral rating in a report on Tuesday, July 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $89.50.
Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 69.63 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 $17.47 billion, a price-to-earnings ratio of 10.62 and a beta of 0.83. The stock has a 50 day moving average price of $73.96 and a 200 day moving average price of $76.32.
Several institutional investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co. raised its position in Ryanair Holdings PLC by 0.9% in the second quarter. Smithfield Trust Co. now owns 1,616 shares of the company’s stock valued at $113,000 after buying an additional 15 shares during the last quarter. Westpac Banking Corp acquired a new position in Ryanair Holdings PLC during the second quarter valued at about $186,000. Bremer Trust National Association acquired a new position in Ryanair Holdings PLC during the third quarter valued at about $202,000. Brinker Capital Inc. acquired a new position in Ryanair Holdings PLC during the second quarter valued at about $201,000. Finally, Bayesian Capital Management LP acquired a new position in Ryanair Holdings PLC during the first quarter valued at about $254,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.
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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