Analyst Jaina Mistry from Jefferies maintained a Hold rating on Ryanair Holdings (RYA – Research Report) and keeping the price target at €21.00.
Jaina Mistry’s rating is based on several factors that reflect Ryanair Holdings’ current market position and future prospects. The airline demonstrated solid passenger growth in April, with a 5.8% increase, reaching 18.3 million passengers, and maintained a strong load factor of 93%. These figures suggest stability in the company’s performance, aligning with market expectations.
However, the forecast for the upcoming months indicates a potential slowdown in growth, with projections for May and June showing a more moderate increase in passenger numbers. This anticipated deceleration, despite the positive impact of the Easter period in April, suggests that while Ryanair is performing well, there are no significant catalysts to drive a shift in the stock’s valuation at this time. Therefore, a Hold rating is appropriate as the company’s performance is expected to remain steady without substantial upward momentum.