Ryanair (NASDAQ:RYAAY) Shares Gap Down to $94.36

Ryanair Holdings plc (NASDAQ:RYAAYGet Rating)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $94.36, but opened at $91.90. Ryanair shares last traded at $93.60, with a volume of 1,073 shares changing hands.

A number of analysts recently commented on RYAAY shares. Zacks Investment Research upgraded Ryanair from a “sell” rating to a “hold” rating and set a $114.00 price objective for the company in a research report on Friday, February 18th. UBS Group upgraded Ryanair from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 12th. Liberum Capital upgraded Ryanair from a “hold” rating to a “buy” rating in a research report on Wednesday, January 19th. Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Tuesday, March 22nd. Finally, StockNews.com assumed coverage on Ryanair in a research report on Thursday, March 31st. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $84.78.

The firm has a market capitalization of $21.49 billion, a P/E ratio of -41.03 and a beta of 1.48. The firm has a 50 day moving average price of $93.88 and a 200-day moving average price of $104.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.93.

Ryanair (NASDAQ:RYAAYGet Rating) last posted its quarterly earnings data on Monday, January 31st. The transportation company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.01). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.79 billion. Ryanair had a negative net margin of 11.77% and a negative return on equity of 9.89%. Research analysts anticipate that Ryanair Holdings plc will post -1.84 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in Ryanair by 6.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,465,309 shares of the transportation company’s stock worth $866,255,000 after purchasing an additional 510,683 shares during the period. Lazard Asset Management LLC increased its holdings in Ryanair by 5.8% during the 4th quarter. Lazard Asset Management LLC now owns 5,175,799 shares of the transportation company’s stock worth $529,638,000 after purchasing an additional 285,162 shares during the period. Janus Henderson Group PLC increased its holdings in Ryanair by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 2,953,810 shares of the transportation company’s stock worth $325,096,000 after purchasing an additional 23,924 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Ryanair by 7.1% in the 4th quarter. William Blair Investment Management LLC now owns 2,585,739 shares of the transportation company’s stock valued at $264,595,000 after acquiring an additional 172,064 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Ryanair by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,464,054 shares of the transportation company’s stock valued at $161,134,000 after acquiring an additional 14,166 shares during the period. Hedge funds and other institutional investors own 43.59% of the company’s stock.

Ryanair Company Profile (NASDAQ:RYAAY)

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, Germany, and other European countries. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing of car hire and accommodation services, and travel insurance through its website and mobile app.

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