Ryanair Holdings PLC (NASDAQ:RYAAY) Stock Has Consensus Price Target of $73.97

Ryanair Holdings PLC (NASDAQ:RYAAY) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $73.97.

A number of equities research analysts have recently commented on the company. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Morgan Stanley began coverage on Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price objective on the stock. Barclays upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 6th. Oddo Bhf downgraded Ryanair from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 28th. Finally, Zacks Research raised Ryanair from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th.

Ryanair Stock Performance

NASDAQ RYAAY traded down $0.16 during mid-day trading on Tuesday, reaching $57.72. 821,941 shares of the stock were exchanged, compared to its average volume of 1,778,131. The company has a market capitalization of $29.89 billion, a P/E ratio of 14.65 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50 day moving average is $54.77 and its 200-day moving average is $59.31. Ryanair has a 1 year low of $51.02 and a 1 year high of $74.24.

Insider Transactions at Ryanair

In related news, insider Carol Sharkey sold 6,166 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $28.06, for a total value of $173,017.96. Following the completion of the sale, the insider owned 7,970 shares of the company’s stock, valued at approximately $223,638.20. The trade was a 43.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Ryanair

A number of hedge funds have recently made changes to their positions in the company. Keybank National Association OH increased its holdings in Ryanair by 1.4% in the third quarter. Keybank National Association OH now owns 12,430 shares of the transportation company’s stock valued at $684,000 after buying an additional 171 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in shares of Ryanair by 4.9% in the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company’s stock worth $230,000 after acquiring an additional 184 shares during the period. RFG Advisory LLC increased its stake in Ryanair by 5.6% in the 2nd quarter. RFG Advisory LLC now owns 3,788 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 202 shares in the last quarter. State of Wyoming increased its stake in Ryanair by 1.3% in the 3rd quarter. State of Wyoming now owns 16,723 shares of the transportation company’s stock valued at $920,000 after purchasing an additional 213 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Ryanair by 48.1% in the 2nd quarter. IFP Advisors Inc now owns 665 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 43.65% of the company’s stock.

About Ryanair

Ryanair Holdings plc is an Irish airline group focused on low-fare, short-haul travel. Its airlines operate scheduled passenger flights, primarily on point-to-point routes, and offer related services such as priority boarding, seat selection and baggage options. The group serves destinations across Europe and also operates routes to countries in North Africa and the Middle East. Its airline businesses include Ryanair, Buzz, Malta Air and Lauda Europe. Founded in 1984, Ryanair began flying in 1985 with a route between Waterford, Ireland, and London Gatwick.