Credit Suisse Group downgraded shares of Ryanair (NASDAQ:RYAAY) from a neutral rating to an underperform rating in a research note published on Tuesday morning, Briefing.com Automated Import reports.
RYAAY has been the topic of several other research reports. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st. Canaccord Genuity restated a buy rating and set a $1.80 price objective on shares of Meridian Bioscience in a report on Wednesday, June 5th. HSBC set a €9.00 ($10.47) price objective on shares of Schaeffler and gave the stock a buy rating in a report on Wednesday, May 22nd. Raymond James reissued a hold rating on shares of PrairieSky Royalty in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. set a €20.00 ($23.26) target price on shares of STMicroelectronics and gave the company a buy rating in a research note on Tuesday, May 21st. Six analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $75.33.
Shares of NASDAQ:RYAAY traded up $0.05 on Tuesday, hitting $63.93. 4,235 shares of the company were exchanged, compared to its average volume of 523,153. The firm’s 50 day moving average price is $64.70. Ryanair has a one year low of $60.83 and a one year high of $110.08. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 12.30 and a beta of 0.79.
Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, May 20th. The transportation company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.10). Ryanair had a return on equity of 20.34% and a net margin of 11.69%. The company had revenue of $1.45 billion for the quarter. As a group, equities analysts expect that Ryanair will post 4.05 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Bank acquired a new position in Ryanair in the fourth quarter valued at about $31,000. Manchester Financial Inc. acquired a new position in Ryanair in the second quarter valued at about $35,000. Quadrant Capital Group LLC boosted its position 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 buying an additional 650 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Ryanair in the first quarter valued at about $129,000. Finally, Huntington National Bank boosted its position in Ryanair by 21.2% in the second quarter. Huntington National Bank now owns 2,014 shares of the transportation company’s stock valued at $129,000 after buying an additional 352 shares in the last quarter. 43.21% of the stock is currently 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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