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

Ryanair Holdings PLC (NASDAQ:RYAAY) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $75.6667.

A number of brokerages recently issued reports on RYAAY. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, March 12th. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Sanford C. Bernstein raised Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Finally, Erste Group Bank cut Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $59.62 on Tuesday. The stock has a market cap of $31.05 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.13. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. Ryanair has a 52-week low of $53.14 and a 52-week high of $74.24. The business has a 50-day moving average price of $58.54 and a 200 day moving average price of $64.47.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. Equities research analysts forecast that Ryanair will post 4.51 earnings per share for the current year.

Insider Transactions at Ryanair

In other Ryanair news, CMO Dara Brady sold 8,973 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $233,387.73. Following the completion of the sale, the chief marketing officer directly owned 17,550 shares of the company’s stock, valued at $456,475.50. This represents a 33.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David Patrick Dpo O’brien sold 8,080 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $210,160.80. Following the sale, the insider directly owned 73,183 shares of the company’s stock, valued at approximately $1,903,489.83. This represents a 9.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 101,608 shares of company stock worth $2,642,824.

Institutional Trading of Ryanair

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC raised its stake in Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its stake in Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 498 shares during the last quarter. UMB Bank n.a. raised its stake in Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 497 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Ryanair by 39.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

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.