Raymond James Upgrades Ryanair (NASDAQ:RYAAY) to “Strong-Buy”

Raymond James upgraded shares of Ryanair (NASDAQ:RYAAY) from an outperform rating to a strong-buy rating in a report issued on Monday morning, BenzingaRatingsTable reports. The firm currently has $65.00 price objective on the transportation company’s stock, down from their previous price objective of $108.00.

A number of other brokerages also recently commented on RYAAY. HSBC raised Ryanair from a hold rating to a buy rating in a research report on Friday, December 13th. Sanford C. Bernstein raised Ryanair from a market perform rating to an outperform rating in a research report on Tuesday, March 10th. Berenberg Bank raised Ryanair from a sell rating to a hold rating in a research report on Wednesday, January 29th. Deutsche Bank raised Ryanair from a hold rating to a buy rating in a research report on Thursday, December 12th. Finally, TheStreet downgraded Ryanair from a b- rating to a c+ rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $75.67.

Shares of Ryanair stock opened at $59.29 on Monday. The company has a market cap of $13.73 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.75 and a beta of 1.02. Ryanair has a 52 week low of $44.44 and a 52 week high of $96.79. The business has a 50 day moving average price of $74.74 and a 200-day moving average price of $78.65. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.64.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of ($0.35) by $0.78. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $1.86 billion. Ryanair had a return on equity of 18.64% and a net margin of 12.06%. As a group, research analysts anticipate that Ryanair will post 5.02 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Ryanair during the fourth quarter valued at $1,563,000. LMR Partners LLP bought a new position in Ryanair during the fourth quarter valued at $11,105,000. Procyon Private Wealth Partners LLC bought a new position in Ryanair during the fourth quarter valued at $30,000. Capital International Ltd. CA grew its holdings in Ryanair by 40.0% during the fourth quarter. Capital International Ltd. CA now owns 61,718 shares of the transportation company’s stock valued at $5,407,000 after purchasing an additional 17,619 shares during the period. Finally, Capital International Inc. CA grew its holdings in Ryanair by 14.9% during the fourth quarter. Capital International Inc. CA now owns 73,736 shares of the transportation company’s stock valued at $6,460,000 after purchasing an additional 9,579 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

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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