Ryanair (RYAAY) Downgraded to Reduce at HSBC

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HSBC downgraded shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a reduce rating in a research note issued to investors on Wednesday, 24/7 WallStreet reports.

RYAAY has been the topic of a number of other reports. BidaskClub upgraded Ryanair from a sell rating to a hold rating in a report on Tuesday, April 16th. ValuEngine upgraded Ryanair from a strong sell rating to a sell rating in a report on Monday, April 1st. Societe Generale upgraded Ryanair from a hold rating to a buy rating in a report on Tuesday, February 19th. Cantor Fitzgerald upgraded Ryanair from a hold rating to a buy rating in a report on Wednesday, February 6th. Finally, Raymond James upgraded Ryanair from a market perform rating to an outperform rating and set a $85.00 target price on the stock in a report on Wednesday, January 30th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $76.33.

Shares of RYAAY stock opened at $68.60 on Wednesday. Ryanair has a one year low of $65.61 and a one year high of $121.45. The company has a market capitalization of $16.44 billion, a P/E ratio of 13.35 and a beta of 0.73. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, May 20th. The transportation company reported ($0.74) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.10). Ryanair had a net margin of 11.69% and a return on equity of 20.34%. The company had revenue of $1.45 billion during the quarter. As a group, sell-side analysts anticipate that Ryanair will post 5.1 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Ryanair by 17.3% during the third quarter. JPMorgan Chase & Co. now owns 1,983,410 shares of the transportation company’s stock worth $190,487,000 after purchasing an additional 293,233 shares during the period. Bank of New York Mellon Corp boosted its holdings in Ryanair by 281.8% in the third quarter. Bank of New York Mellon Corp now owns 135,340 shares of the transportation company’s stock worth $12,998,000 after acquiring an additional 99,891 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in Ryanair by 4.5% in the fourth quarter. Intact Investment Management Inc. now owns 6,900 shares of the transportation company’s stock worth $492,000 after acquiring an additional 300 shares in the last quarter. We Are One Seven LLC bought a new stake in Ryanair in the fourth quarter worth $116,000. Finally, Metropolis Capital Ltd bought a new stake in Ryanair in the fourth quarter worth $28,476,000. 45.80% of the stock is owned by hedge funds and other institutional investors.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.

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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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