Analysts Set Ryanair Holdings PLC (NASDAQ:RYAAY) Price Target at $75.67

Ryanair Holdings PLC (NASDAQ:RYAAY) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $75.6667.

RYAAY has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $71.00 target price on shares of Ryanair in a research report on Tuesday, January 27th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Finally, Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, March 12th.

Ryanair Stock Performance

Shares of RYAAY opened at $60.02 on Monday. Ryanair has a one year low of $38.52 and a one year high of $74.24. The company has a market cap of $31.40 billion, a PE ratio of 12.05, a P/E/G ratio of 0.55 and a beta of 1.26. The stock has a 50-day moving average of $64.80 and a 200-day moving average of $64.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Ryanair had a return on equity of 29.76% and a net margin of 15.04%.The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.16 billion. On average, equities research analysts predict that Ryanair will post 3.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryanair

Large investors have recently added to or reduced their stakes in the business. USA Financial Formulas bought a new stake in Ryanair during the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its position in shares of Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after buying an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after buying an additional 498 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Ryanair by 1,057.4% during the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after buying an additional 497 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.