Zacks Investment Research upgraded shares of Ryanair (NASDAQ:RYAAY) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $138.00 price objective on the transportation company’s stock.
According to Zacks, “Ryanair operates an ultra-low cost, scheduled airline serving short-haul, point-to-point routes largely in Europe from its bases in airports across Europe. The company offers over 1,600 scheduled short-haul flights per day serving airports largely throughout Europe, with a principal fleet of Boeing 737-800 aircraft. “
Several other equities research analysts have also recently weighed in on the company. BidaskClub upgraded Ryanair from a buy rating to a strong-buy rating in a report on Saturday, March 17th. ValuEngine upgraded Ryanair from a hold rating to a buy rating in a report on Friday, February 2nd. UBS raised Ryanair from a neutral rating to a buy rating in a research report on Thursday, January 11th. Sanford C. Bernstein raised Ryanair from an underperform rating to a market perform rating in a research report on Monday, January 8th. Finally, Credit Suisse Group lowered Ryanair from an outperform rating to a neutral rating in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $110.00.
Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, February 5th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Ryanair had a return on equity of 32.17% and a net margin of 20.99%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.68 billion. research analysts expect that Ryanair will post 7.29 earnings per share for the current year.
Ryanair declared that its Board of Directors has initiated a stock repurchase program on Monday, February 5th that permits the company to repurchase shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
Large investors have recently made changes to their positions in the company. Shine Investment Advisory Services Inc. raised its position in shares of Ryanair by 1,715.1% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 962 shares of the transportation company’s stock worth $100,000 after acquiring an additional 909 shares in the last quarter. Cornerstone Advisors Inc. increased its position in Ryanair by 1,350.7% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,088 shares of the transportation company’s stock valued at $113,000 after buying an additional 1,013 shares in the last quarter. US Bancorp DE increased its position in Ryanair by 168.2% during the 4th quarter. US Bancorp DE now owns 1,172 shares of the transportation company’s stock valued at $122,000 after buying an additional 735 shares in the last quarter. Assetmark Inc. increased its position in Ryanair by 64.0% during the 4th quarter. Assetmark Inc. now owns 1,322 shares of the transportation company’s stock valued at $138,000 after buying an additional 516 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Ryanair during the 4th quarter valued at approximately $148,000. 42.35% of the stock is owned by hedge funds and other institutional investors.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, continental Europe, Morocco, and Israel. It also offers various ancillary services, such as non-flight scheduled services and Internet-related services; and markets accommodation services and travel insurance through its Website, as well as engages in the in-flight sale of beverages, food, and merchandise.
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