Citi Keeps Their Buy Rating on Ryanair Holdings (RYA)
In a report released yesterday, Conor Dwyer from Citi maintained a Buy rating on Ryanair Holdings, with a price target of €32.50.
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Dwyer covers the Industrials sector, focusing on stocks such as EasyJet, Ryanair Holdings, and Wizz Air Holdings. According to TipRanks, Dwyer has an average return of 7.0% and a 58.25% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ryanair Holdings with a €32.58 average price target, a 26.08% upside from current levels. In a report released on March 10, J.P. Morgan also maintained a Buy rating on the stock with a €38.00 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.
