J.P. Morgan Reaffirms Their Buy Rating on Ryanair Holdings (RYA)
J.P. Morgan analyst Harry Gowers maintained a Buy rating on Ryanair Holdings today and set a price target of €36.00.
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According to TipRanks, Gowers is a 4-star analyst with an average return of 5.8% and a 53.08% success rate. Gowers covers the Industrials sector, focusing on stocks such as Ryanair Holdings, EasyJet, and International Consolidated Airlines.
In a report released on April 13, Bernstein also upgraded the stock to a Buy with a €32.00 price target.
Based on Ryanair Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €3.21 billion and a net profit of €30.4 million. In comparison, last year the company earned a revenue of €2.96 billion and had a net profit of €148.6 million
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RYA in relation to earlier this year.
