Ryanair (NASDAQ:RYAAY) Sets New 52-Week High – What’s Next?

Ryanair Holdings PLC (NASDAQ:RYAAY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $71.91 and last traded at $72.1360, with a volume of 443207 shares changing hands. The stock had previously closed at $70.52.

Analysts Set New Price Targets

RYAAY has been the topic of a number of recent research reports. Citigroup restated a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of Ryanair in a report on Monday. Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, The Goldman Sachs Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Ryanair Stock Up 1.0%

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 stock has a market cap of $38.11 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.74 and a beta of 1.26. The company’s 50 day moving average price is $64.73 and its two-hundred day moving average price is $61.57.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.14. Ryanair had a return on equity of 31.32% and a net margin of 16.29%.The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $5.44 billion. As a group, research analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On Ryanair

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

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.