Ryanair (RYAAY) Downgraded by BidaskClub to Sell

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Ryanair (NASDAQ:RYAAY) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other research analysts have also recently weighed in on the company. Societe Generale upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Tuesday, February 19th. Cantor Fitzgerald upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Wednesday, February 6th. Raymond James upgraded Ryanair from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research note on Wednesday, January 30th. They noted that the move was a valuation call. Morgan Stanley lowered Ryanair from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 22nd. Finally, HSBC raised Ryanair from a “reduce” rating to a “buy” rating in a report on Tuesday, January 22nd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Ryanair has an average rating of “Hold” and an average price target of $80.50.

RYAAY stock opened at $75.12 on Wednesday. Ryanair has a 1-year low of $65.61 and a 1-year high of $127.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $17.44 billion, a PE ratio of 10.66 and a beta of 0.74.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, February 4th. The transportation company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.35). Ryanair had a return on equity of 25.18% and a net margin of 14.65%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. As a group, research analysts anticipate that Ryanair will post 5.72 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of RYAAY. Victory Capital Management Inc. bought a new stake in shares of Ryanair in the third quarter worth $278,000. Comerica Bank grew its holdings in Ryanair by 6.7% during the third quarter. Comerica Bank now owns 16,139 shares of the transportation company’s stock valued at $1,343,000 after purchasing an additional 1,008 shares during the period. JPMorgan Chase & Co. grew its holdings in Ryanair by 17.3% during the third quarter. JPMorgan Chase & Co. now owns 1,983,410 shares of the transportation company’s stock valued at $190,487,000 after purchasing an additional 293,233 shares during the period. MML Investors Services LLC grew its holdings in Ryanair by 48.5% during the third quarter. MML Investors Services LLC now owns 9,568 shares of the transportation company’s stock valued at $919,000 after purchasing an additional 3,127 shares during the period. Finally, First Mercantile Trust Co. grew its holdings in Ryanair by 61.6% during the third quarter. First Mercantile Trust Co. now owns 9,915 shares of the transportation company’s stock valued at $952,000 after purchasing an additional 3,780 shares during the period. 43.69% of the stock is owned by institutional investors.

About Ryanair

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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