Ryanair (NASDAQ:RYAAY) Shares Gap Up – Here’s What Happened

Ryanair Holdings PLC (NASDAQ:RYAAY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $58.29, but opened at $65.77. Ryanair shares last traded at $65.1640, with a volume of 480,494 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday, March 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $71.00 price objective on shares of Ryanair in a report on Tuesday, January 27th. Erste Group Bank lowered Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen lowered Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and an average target price of $75.67.

Ryanair Price Performance

The stock has a market capitalization of $33.25 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.53 and a beta of 1.26. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $63.68 and a two-hundred day simple moving average of $64.99.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.16 billion. Ryanair had a return on equity of 29.76% and a net margin of 15.04%. As a group, research analysts predict that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ryanair

Institutional investors have recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in Ryanair in the third quarter worth approximately $26,000. CIBC Private Wealth Group LLC lifted its position in shares of Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted 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 acquiring an additional 209 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 497 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 498 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Company Profile

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.