Ryanair (RYAAY) Downgraded to Neutral at Credit Suisse Group

Credit Suisse Group lowered shares of Ryanair (NASDAQ:RYAAY) from an outperform rating to a neutral rating in a research report report published on Monday.

RYAAY has been the subject of several other reports. cut shares of Ryanair from a buy rating to a reduce rating in a research note on Thursday, September 14th. Kepler Capital Markets cut shares of Ryanair from a hold rating to a reduce rating in a research note on Thursday, September 21st. Zacks Investment Research cut shares of Ryanair from a buy rating to a hold rating in a research note on Wednesday, September 27th. BidaskClub cut shares of Ryanair from a buy rating to a hold rating in a research note on Friday, August 25th. Finally, Citigroup initiated coverage on shares of Ryanair in a research note on Monday, November 20th. They issued a buy rating for the company. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $96.00.

Shares of Ryanair (NASDAQ RYAAY) opened at $103.31 on Monday. The company has a market cap of $25,411.27, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 0.71 and a beta of 0.62. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.79. Ryanair has a 12 month low of $78.35 and a 12 month high of $127.35.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new stake in Ryanair during the 2nd quarter worth $366,606,000. FMR LLC boosted its position in Ryanair by 3.0% during the 2nd quarter. FMR LLC now owns 14,021,784 shares of the transportation company’s stock worth $1,508,884,000 after purchasing an additional 414,790 shares during the period. AXA purchased a new stake in Ryanair during the 3rd quarter worth $35,271,000. Manning & Napier Advisors LLC boosted its position in Ryanair by 26.7% during the 3rd quarter. Manning & Napier Advisors LLC now owns 609,344 shares of the transportation company’s stock worth $64,236,000 after purchasing an additional 128,331 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Ryanair by 5.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,398,074 shares of the transportation company’s stock worth $258,057,000 after purchasing an additional 126,255 shares during the period. 40.31% of the stock is owned by institutional investors.

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Ryanair Company Profile

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.

Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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