Wolfe Research Lowers Ryanair (NASDAQ:RYAAY) to Peer Perform

Wolfe Research cut shares of Ryanair (NASDAQ:RYAAY) from an outperform rating to a peer perform rating in a research report sent to investors on Wednesday, PriceTargets.com reports.

RYAAY has been the subject of a number of other research reports. JPMorgan Chase & Co. restated a neutral rating on shares of Ryanair in a report on Monday, October 25th. Deutsche Bank Aktiengesellschaft reissued a buy rating on shares of Ryanair in a research report on Friday, September 17th. Credit Suisse Group restated an outperform rating on shares of Ryanair in a research note on Friday, September 17th. Oddo Bhf downgraded Ryanair from an outperform rating to a neutral rating in a research note on Monday, November 15th. Finally, Morgan Stanley reiterated an overweight rating on shares of Ryanair in a research note on Tuesday, November 2nd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Ryanair presently has an average rating of Buy and an average price target of $122.08.

Shares of RYAAY opened at $117.86 on Wednesday. The business’s 50 day moving average is $106.90 and its 200 day moving average is $108.72. Ryanair has a 12-month low of $94.68 and a 12-month high of $127.25. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.34 and a quick ratio of 1.34.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, November 1st. The transportation company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.64). The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Ryanair had a negative net margin of 25.41% and a negative return on equity of 14.51%. As a group, sell-side analysts anticipate that Ryanair will post -1.01 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in RYAAY. Diversified Trust Co boosted its stake in shares of Ryanair by 1.6% during the 4th quarter. Diversified Trust Co now owns 39,895 shares of the transportation company’s stock worth $4,082,000 after acquiring an additional 618 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Ryanair by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,464,054 shares of the transportation company’s stock valued at $161,134,000 after acquiring an additional 14,166 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Ryanair by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 2,953,810 shares of the transportation company’s stock valued at $325,096,000 after acquiring an additional 23,924 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of Ryanair during the 3rd quarter valued at $212,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ryanair during the 3rd quarter valued at $91,000. 43.59% of the stock is currently owned by institutional investors.

About Ryanair

Ryanair Holdings Plc engages in the provision of low fares airline-related services. It 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.

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Analyst Recommendations for Ryanair (NASDAQ:RYAAY)

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