Ryanair (NASDAQ:RYAAY) Stock Rating Upgraded by Morgan Stanley

Ryanair (NASDAQ:RYAAY) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday, The Fly reports.

Several other research firms also recently commented on RYAAY. BNP Paribas downgraded Ryanair from a “neutral” rating to an “underperform” rating in a research report on Thursday, November 14th. Bank of America assumed coverage on Ryanair in a research report on Monday, September 30th. They set a “buy” rating for the company. Deutsche Bank upgraded Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Zacks Investment Research upgraded Ryanair from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Thursday, November 7th. Finally, Goldman Sachs Group assumed coverage on Ryanair in a research report on Tuesday, November 19th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $79.67.

Shares of RYAAY stock traded down $0.10 during mid-day trading on Tuesday, reaching $93.40. The stock had a trading volume of 13,587 shares, compared to its average volume of 281,922. The firm’s 50 day simple moving average is $87.31 and its 200 day simple moving average is $72.53. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Ryanair has a one year low of $55.75 and a one year high of $96.79. The firm has a market cap of $21.12 billion, a PE ratio of 18.22 and a beta of 0.89.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, November 4th. The transportation company reported $4.51 EPS for the quarter, topping the Zacks’ consensus estimate of $4.00 by $0.51. Ryanair had a return on equity of 17.73% and a net margin of 10.60%. The company had revenue of $3.42 billion during the quarter. Sell-side analysts forecast that Ryanair will post 4.63 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Atria Investments LLC lifted its holdings in Ryanair by 368,237.8% during the second quarter. Atria Investments LLC now owns 11,591,591 shares of the transportation company’s stock worth $11,592,000 after acquiring an additional 11,588,444 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Ryanair by 21.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,363,263 shares of the transportation company’s stock worth $555,152,000 after acquiring an additional 1,492,971 shares in the last quarter. Metropolis Capital Ltd lifted its holdings in Ryanair by 13.8% during the fourth quarter. Metropolis Capital Ltd now owns 1,490,927 shares of the transportation company’s stock worth $130,620,000 after acquiring an additional 180,812 shares in the last quarter. Invesco Ltd. lifted its holdings in Ryanair by 33.0% during the second quarter. Invesco Ltd. now owns 1,274,308 shares of the transportation company’s stock worth $81,732,000 after acquiring an additional 316,149 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd lifted its holdings in Ryanair by 20.7% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,178,480 shares of the transportation company’s stock worth $78,228,000 after acquiring an additional 202,240 shares in the last quarter. 44.04% 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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