Ryanair Holdings (RYA) Gets a Buy from J.P. Morgan
In a report released today, Harry Gowers from J.P. Morgan maintained a Buy rating on Ryanair Holdings, with a price target of €33.00.
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According to TipRanks, Gowers is a 4-star analyst with an average return of 4.0% and a 52.00% success rate. Gowers covers the Industrials sector, focusing on stocks such as EasyJet, Ryanair Holdings, and International Consolidated Airlines.
In addition to J.P. Morgan, Ryanair Holdings also received a Buy from Bernstein’s Alex Irving in a report issued on July 16. However, on July 6, Goldman Sachs maintained a Hold rating on Ryanair Holdings (Dublin: RYA).
Based on Ryanair Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €2.51 billion and a GAAP net loss of €395.5 million. In comparison, last year the company earned a revenue of €2.3 billion and had a GAAP net loss of €328.2 million
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RYA in relation to earlier this year.
