Ryanair (NASDAQ:RYAAY) Downgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Ryanair (NASDAQ:RYAAY) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat.com reports.

Separately, Evercore ISI boosted their price target on shares of Ryanair from $145.00 to $155.00 and gave the stock an in-line rating in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $158.50.

Ryanair Trading Down 4.0 %

NASDAQ RYAAY opened at $122.64 on Friday. The stock’s 50-day simple moving average is $138.04 and its two-hundred day simple moving average is $132.56. Ryanair has a twelve month low of $87.18 and a twelve month high of $150.73. The company has a quick ratio of 1.00, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $27.96 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.37 and a beta of 1.59.

Institutional Trading of Ryanair

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new position in shares of Ryanair during the 4th quarter valued at $3,708,000. Sprucegrove Investment Management Ltd. lifted its position in shares of Ryanair by 9.9% during the 4th quarter. Sprucegrove Investment Management Ltd. now owns 2,737,862 shares of the transportation company’s stock valued at $365,121,000 after buying an additional 246,850 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Ryanair by 49.9% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 37,486 shares of the transportation company’s stock valued at $4,999,000 after acquiring an additional 12,486 shares during the period. Lincoln National Corp bought a new position in shares of Ryanair during the 3rd quarter valued at approximately $320,000. Finally, New York State Common Retirement Fund increased its holdings in Ryanair by 4.0% in the 4th quarter. New York State Common Retirement Fund now owns 226,421 shares of the transportation company’s stock worth $30,196,000 after acquiring an additional 8,611 shares in the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

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.