RBC Capital Sticks to Its Buy Rating for Ryanair Holdings (RYA)
RBC Capital analyst Ruairi Cullinane maintained a Buy rating on Ryanair Holdings today and set a price target of €29.00.
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Cullinane covers the Industrials sector, focusing on stocks such as EasyJet, Ryanair Holdings, and Firstgroup. According to TipRanks, Cullinane has an average return of 9.5% and a 59.50% success rate on recommended stocks.
In addition to RBC Capital, Ryanair Holdings also received a Buy from J.P. Morgan’s Harry Gowers in a report issued today. 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.
