Brokerages Set Ryanair Holdings PLC (NASDAQ:RYAAY) Price Target at $76.00

Ryanair Holdings PLC (NASDAQ:RYAAY) has been assigned a consensus rating of “Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $76.00.

RYAAY has been the topic of several recent research reports. Oddo Bhf raised Ryanair from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryanair in a research note on Wednesday, October 8th. Wall Street Zen downgraded Ryanair from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Morgan Stanley began coverage on Ryanair in a research note on Wednesday, October 15th. They issued an “overweight” rating on the stock. Finally, Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd.

Ryanair Stock Up 1.5%

Shares of RYAAY opened at $62.48 on Friday. The company has a market capitalization of $32.99 billion, a PE ratio of 14.67, a PEG ratio of 0.66 and a beta of 1.38. Ryanair has a 12 month low of $38.52 and a 12 month high of $67.18. The stock’s 50-day moving average price is $60.31 and its two-hundred day moving average price is $57.93. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RYAAY. Massachusetts Financial Services Co. MA raised its stake in Ryanair by 4.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock worth $1,242,480,000 after buying an additional 1,233,059 shares during the period. Metropolis Capital Ltd increased its holdings in Ryanair by 0.8% during the 2nd quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock worth $276,253,000 after purchasing an additional 36,559 shares in the last quarter. Royal Bank of Canada increased its holdings in Ryanair by 7.3% during the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock worth $165,630,000 after purchasing an additional 266,343 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Ryanair by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock worth $161,499,000 after purchasing an additional 539,256 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in Ryanair during the 1st quarter worth approximately $118,071,000. 43.66% 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, 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.