Analysts Set Ryanair Holdings PLC (NASDAQ:RYAAY) Price Target at $79.50

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $79.50.

A number of equities research analysts have commented on RYAAY shares. Weiss Ratings upgraded shares of Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Zacks Research raised Ryanair from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Citigroup restated a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st.

Insider Transactions at Ryanair

In related news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $365,518.53. Following the transaction, the insider owned 46,264 shares of the company’s stock, valued at $1,203,326.64. This trade represents a 23.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Jh Hurley sold 15,000 shares of Ryanair stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $31.24, for a total transaction of $468,600.00. Following the sale, the insider directly owned 76,025 shares of the company’s stock, valued at $2,375,021. This represents a 16.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 126,607 shares of company stock valued at $3,386,997.

Hedge Funds Weigh In On Ryanair

Large investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised its holdings in Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after purchasing an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its stake in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings 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 worth $37,000 after purchasing an additional 498 shares during the period. Caitong International Asset Management Co. Ltd lifted 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 period. Finally, Larson Financial Group LLC raised its holdings in shares of Ryanair by 64.9% during the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock worth $47,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Ryanair Price Performance

NASDAQ:RYAAY opened at $60.19 on Friday. Ryanair has a one year low of $53.14 and a one year high of $74.24. The business has a fifty day moving average price of $61.30 and a 200-day moving average price of $61.99. The firm has a market capitalization of $31.27 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. On average, equities research analysts expect that Ryanair will post 3.95 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.4434 per share. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s payout ratio is currently 17.07%.

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.