HSBC Lowers Ryanair (NASDAQ:RYAAY) to Hold

HSBC lowered shares of Ryanair (NASDAQ:RYAAY - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday, MarketBeat reports.

A number of other research firms also recently issued reports on RYAAY. Deutsche Bank Aktiengesellschaft downgraded shares of Ryanair from a buy rating to a hold rating in a research report on Friday, May 24th. Barclays downgraded shares of Ryanair from an overweight rating to an equal weight rating in a research report on Friday, June 21st. Evercore ISI increased their target price on shares of Ryanair from $145.00 to $155.00 and gave the stock an in-line rating in a research report on Thursday, April 4th. Finally, UBS Group downgraded shares of Ryanair from a buy rating to a neutral rating in a research report on Thursday, June 20th. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $158.50.

Ryanair Price Performance

NASDAQ:RYAAY traded down $1.97 during trading hours on Friday, reaching $119.48. 747,398 shares of the company's stock were exchanged, compared to its average volume of 560,817. The company has a market capitalization of $26.98 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. Ryanair has a 12 month low of $87.18 and a 12 month high of $150.73. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. The business's 50-day simple moving average is $122.00 and its two-hundred day simple moving average is $131.90.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its quarterly earnings data on Monday, May 20th. The transportation company reported ($1.31) EPS for the quarter, topping analysts' consensus estimates of ($1.32) by $0.01. Ryanair had a net margin of 14.30% and a return on equity of 25.61%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.33 billion. Sell-side analysts expect that Ryanair will post 11.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brave Warrior Advisors LLC bought a new position in shares of Ryanair in the fourth quarter valued at approximately $870,000. Assenagon Asset Management S.A. bought a new position in shares of Ryanair in the fourth quarter valued at approximately $3,708,000. Sprucegrove Investment Management Ltd. raised its stake in shares of Ryanair by 9.9% in the fourth quarter. Sprucegrove Investment Management Ltd. now owns 2,737,862 shares of the transportation company's stock valued at $365,121,000 after acquiring an additional 246,850 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Ryanair by 49.9% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 37,486 shares of the transportation company's stock valued at $4,999,000 after acquiring an additional 12,486 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Ryanair in the 4th quarter worth approximately $913,000. Institutional investors own 43.66% of the company's stock.

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.