Ryanair (NASDAQ:RYAAY) had its price objective decreased by Raymond James from $80.00 to $77.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. Raymond James currently has an outperform rating on the transportation company’s stock.
Several other research firms have also recently commented on RYAAY. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on STMicroelectronics and gave the company a buy rating in a report on Tuesday, May 21st. Canaccord Genuity reaffirmed a buy rating and issued a $1.80 price target on shares of Meridian Bioscience in a report on Wednesday, June 5th. HSBC set a €9.00 ($10.47) price target on Schaeffler and gave the company a buy rating in a report on Wednesday, May 22nd. Finally, Deutsche Bank set a $261.00 price target on Vail Resorts and gave the company a buy rating in a report on Friday, June 7th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $75.33.
NASDAQ RYAAY opened at $63.65 on Thursday. The stock has a market capitalization of $14.91 billion, a P/E ratio of 12.24 and a beta of 0.79. The firm has a 50 day moving average price of $65.48. Ryanair has a 1-year low of $60.83 and a 1-year high of $118.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.93 and a current ratio of 0.93.
Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, May 20th. The transportation company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.10). The firm had revenue of $1.45 billion during the quarter. Ryanair had a net margin of 11.69% and a return on equity of 20.34%. Research analysts forecast that Ryanair will post 3.95 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Bank purchased a new position in Ryanair in the fourth quarter valued at $31,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Ryanair in the fourth quarter valued at $84,000. Quadrant Capital Group LLC boosted its holdings in Ryanair by 69.7% in the first quarter. Quadrant Capital Group LLC now owns 1,583 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 650 shares during the period. Quantamental Technologies LLC purchased a new position in Ryanair in the first quarter valued at $129,000. Finally, NumerixS Investment Technologies Inc boosted its holdings in Ryanair by 171.4% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 1,200 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.
Ryanair Company Profile
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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