ValuEngine Lowers Ryanair (RYAAY) to Hold

ValuEngine lowered shares of Ryanair (NASDAQ:RYAAY) from a buy rating to a hold rating in a research note released on Friday morning.

Several other brokerages also recently issued reports on RYAAY. BidaskClub downgraded shares of Ryanair from a buy rating to a hold rating in a report on Thursday. Citigroup started coverage on shares of Ryanair in a report on Monday, November 20th. They set a buy rating for the company. Zacks Investment Research upgraded Ryanair from a sell rating to a hold rating in a report on Wednesday, November 29th. Kepler Capital Markets downgraded Ryanair from a hold rating to a reduce rating in a report on Thursday, September 21st. Finally, downgraded Ryanair from a buy rating to a reduce rating in a report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $96.00.

Ryanair (NASDAQ RYAAY) opened at $106.59 on Friday. The stock has a market cap of $20,790.00, a price-to-earnings ratio of 15.70, a PEG ratio of 0.71 and a beta of 0.58. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.62 and a current ratio of 1.62. Ryanair has a 1-year low of $78.35 and a 1-year high of $127.35.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AXA acquired a new stake in Ryanair in the third quarter valued at $35,271,000. Bamco Inc. NY increased its holdings in Ryanair by 24.9% in the third quarter. Bamco Inc. NY now owns 20,075 shares of the transportation company’s stock valued at $2,116,000 after purchasing an additional 4,000 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Ryanair by 52.5% in the third quarter. Cubist Systematic Strategies LLC now owns 7,892 shares of the transportation company’s stock valued at $832,000 after purchasing an additional 2,718 shares during the period. Capital Bank & Trust Co increased its holdings in Ryanair by 33.3% in the third quarter. Capital Bank & Trust Co now owns 297,171 shares of the transportation company’s stock valued at $31,328,000 after purchasing an additional 74,268 shares during the period. Finally, Capital International Investors grew its holdings in Ryanair by 0.3% during the 3rd quarter. Capital International Investors now owns 4,450,328 shares of the transportation company’s stock worth $469,154,000 after acquiring an additional 12,553 shares during the period. Institutional investors and hedge funds own 40.32% of the company’s stock.

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About Ryanair

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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