Ryanair (NASDAQ:RYAAY) Reaches New 52-Week High – Here’s What Happened

Ryanair Holdings PLC (NASDAQ:RYAAY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $68.90 and last traded at $69.0910, with a volume of 279160 shares trading hands. The stock had previously closed at $67.30.

Analysts Set New Price Targets

Several research firms recently weighed in on RYAAY. Morgan Stanley assumed coverage on shares of Ryanair in a research report on Wednesday, October 15th. They set an “overweight” rating for the company. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. The Goldman Sachs Group cut shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, November 4th. Finally, Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Ryanair Price Performance

The business’s 50-day moving average price is $63.22 and its 200 day moving average price is $60.88. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $36.77 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.26.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, beating the consensus estimate of $3.62 by $0.14. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $5.44 billion. Ryanair had a net margin of 16.29% and a return on equity of 31.32%. Analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in Ryanair by 3.8% in the third quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 186 shares during the last quarter. Evelyn Partners Investment Management Services Ltd boosted its holdings in shares of Ryanair by 40.4% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock worth $44,000 after purchasing an additional 202 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Ryanair by 3.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock valued at $336,000 after buying an additional 217 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Ryanair by 2.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock worth $484,000 after buying an additional 225 shares during the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.