Ryanair’s (RYAAY) Buy Rating Reaffirmed at UBS Group

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UBS Group reiterated their buy rating on shares of Ryanair (NASDAQ:RYAAY) in a research note released on Wednesday morning, www.boersen-zeitung.de reports.

Several other research firms have also commented on RYAAY. ValuEngine lowered shares of Ryanair from a hold rating to a sell rating in a research report on Tuesday, July 24th. BidaskClub lowered shares of Ryanair from a strong-buy rating to a buy rating in a research report on Monday, May 14th. Raymond James lowered shares of Ryanair from an outperform rating to a market perform rating in a research report on Thursday, August 9th. Deutsche Bank lowered shares of Ryanair from a buy rating to a hold rating in a report on Thursday, June 7th. Finally, Exane BNP Paribas lowered shares of Ryanair from an outperform rating to a neutral rating in a report on Thursday, June 7th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $138.00.

NASDAQ RYAAY opened at $98.30 on Wednesday. Ryanair has a 52 week low of $94.50 and a 52 week high of $127.61. The stock has a market cap of $22.67 billion, a PE ratio of 13.94 and a beta of 0.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.72.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, May 21st. The transportation company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Ryanair had a net margin of 18.47% and a return on equity of 29.19%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.56 billion. sell-side analysts forecast that Ryanair will post 6.28 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in Ryanair by 3.4% in the 1st quarter. Comerica Bank now owns 15,202 shares of the transportation company’s stock worth $1,756,000 after purchasing an additional 494 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in Ryanair by 2.5% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 30,884 shares of the transportation company’s stock worth $3,794,000 after purchasing an additional 744 shares during the period. Voya Investment Management LLC boosted its stake in Ryanair by 35.2% in the 2nd quarter. Voya Investment Management LLC now owns 2,975 shares of the transportation company’s stock worth $340,000 after purchasing an additional 775 shares during the period. Lester Murray Antman dba SimplyRich boosted its stake in Ryanair by 10.7% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 8,601 shares of the transportation company’s stock worth $1,057,000 after purchasing an additional 832 shares during the period. Finally, Brinker Capital Inc. boosted its stake in Ryanair by 4.1% in the 1st quarter. Brinker Capital Inc. now owns 22,585 shares of the transportation company’s stock worth $2,775,000 after purchasing an additional 894 shares during the period. 43.84% of the stock is owned by institutional investors.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, continental Europe, Morocco, and Israel. It also offers various ancillary services, such as non-flight scheduled services and Internet-related services; and markets accommodation services and travel insurance through its Website, as well as engages in the in-flight sale of beverages, food, and merchandise.

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