Ryanair (RYAAY) Lowered to “Neutral” at JPMorgan Chase & Co.

Ryanair (NASDAQ:RYAAY) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Tuesday, The Fly reports.

RYAAY has been the topic of several other reports. Raymond James upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Wednesday, January 30th. They noted that the move was a valuation call. Societe Generale upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. ValuEngine upgraded shares of Ryanair from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. BidaskClub lowered shares of Ryanair from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. Finally, Morgan Stanley lowered shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 22nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $78.00.

NASDAQ RYAAY opened at $67.76 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 9.61 and a beta of 0.73. Ryanair has a 52-week low of $65.61 and a 52-week high of $121.45.

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Ryanair by 17.3% in the 3rd 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 raised its holdings in Ryanair by 281.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 135,340 shares of the transportation company’s stock worth $12,998,000 after purchasing an additional 99,891 shares during the period. Quadrant Capital Group LLC raised its holdings in Ryanair by 2,727.3% in the 4th quarter. Quadrant Capital Group LLC now owns 933 shares of the transportation company’s stock worth $65,000 after purchasing an additional 900 shares during the period. FNY Investment Advisers LLC acquired a new position in Ryanair in the 4th quarter worth about $998,000. Finally, Intact Investment Management Inc. raised its holdings in Ryanair by 4.5% in the 4th quarter. Intact Investment Management Inc. now owns 6,900 shares of the transportation company’s stock worth $492,000 after purchasing an additional 300 shares during the period. 43.89% of the stock is owned by institutional investors.

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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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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