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

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) hit a new 52-week high on Wednesday . The stock traded as high as $73.68 and last traded at $73.33, with a volume of 30010 shares. The stock had previously closed at $72.79.

Analysts Set New Price Targets

Several equities analysts recently commented on RYAAY shares. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research note on Tuesday, November 4th. The Goldman Sachs Group lowered Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ryanair in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a fifty day moving average price of $65.19 and a two-hundred day moving average price of $61.89. The company has a market cap of $38.62 billion, a P/E ratio of 14.13, a PEG ratio of 0.75 and a beta of 1.26.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.14. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $5.44 billion. Ryanair had a return on equity of 31.32% and a net margin of 16.29%. On average, equities analysts forecast that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ryanair

Large investors have recently bought and sold shares of the stock. USA Financial Formulas bought a new position in shares of Ryanair in the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC raised its holdings in Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after purchasing an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its position in Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after purchasing an additional 209 shares during the period. Financial Management Professionals Inc. bought a new position in Ryanair during the 2nd quarter valued at $31,000. Finally, UMB Bank n.a. boosted its stake in 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 purchasing an additional 497 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

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.