Ryanair (NASDAQ:RYAAY) Stock Rating Lowered by HSBC

HSBC cut shares of Ryanair (NASDAQ:RYAAY) from a buy rating to a hold rating in a research note released on Friday morning, Marketbeat Ratings reports.

RYAAY has been the topic of a number of other research reports. Barclays lowered Ryanair from an overweight rating to an equal weight rating in a research note on Friday, June 21st. Evercore ISI increased their price target on Ryanair from $145.00 to $155.00 and gave the stock an in-line rating in a research note on Thursday, April 4th. UBS Group lowered Ryanair from a buy rating to a neutral rating in a research note on Thursday, June 20th. Finally, Deutsche Bank Aktiengesellschaft downgraded Ryanair from a buy rating to a hold rating in a report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $158.50.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $119.48 on Friday. The business’s 50 day simple moving average is $121.58 and its 200-day simple moving average is $131.74. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.91. Ryanair has a 12 month low of $87.18 and a 12 month high of $150.73.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, May 20th. The transportation company reported ($1.31) EPS for the quarter, topping the consensus estimate of ($1.32) by $0.01. Ryanair had a return on equity of 25.61% and a net margin of 14.30%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.33 billion. As a group, equities analysts forecast that Ryanair will post 11.1 earnings per share for the current fiscal year.

Institutional Trading of Ryanair

Several large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its holdings in Ryanair by 7.8% in the 2nd quarter. QRG Capital Management Inc. now owns 43,090 shares of the transportation company’s stock valued at $5,017,000 after purchasing an additional 3,109 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 215 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Ryanair by 28.4% during the first quarter. Cetera Advisors LLC now owns 1,953 shares of the transportation company’s stock valued at $284,000 after acquiring an additional 432 shares in the last quarter. Hancock Whitney Corp acquired a new stake in shares of Ryanair during the first quarter valued at about $209,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Ryanair during the first quarter valued at about $29,000. 43.66% of the stock is currently 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, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.