Jaina Mistry, an analyst from Jefferies, maintained the Hold rating on Ryanair Holdings (RYA – Research Report). The associated price target remains the same with €18.20.
Jaina Mistry’s rating is based on a combination of factors including Ryanair’s recent passenger data and future projections. The February data showed a significant increase in passenger numbers by 14% to 12.6 million, with load factors remaining stable at 92% year-on-year. However, despite these strong figures, the forecast for the fiscal year 2025 indicates a deceleration in growth, with expectations of reaching close to 200 million passengers, implying a more modest growth rate of 5.2% in March.
This anticipated slowdown is attributed to seasonal challenges such as the Easter period in March, which could impact passenger numbers. Moreover, while the airline demonstrated robust performance with 25 million passengers in January and February and a slight improvement in load factor, the overall outlook remains cautious. These factors collectively suggest a balanced perspective, justifying the Hold rating as Ryanair navigates through these mixed signals in its growth trajectory.
According to TipRanks, Mistry is a 4-star analyst with an average return of 5.5% and a 51.65% success rate.
In another report released on February 27, Deutsche Bank also maintained a Hold rating on the stock with a €20.00 price target.
Questions or Comments about the article? Write to editor@tipranks.com