Ryanair (NASDAQ:RYAAY) Sets New 1-Year High – Here’s Why

Ryanair Holdings PLC (NASDAQ:RYAAY) shares hit a new 52-week high 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.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 1st. Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. The Goldman Sachs Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Finally, Zacks Research lowered shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Ryanair Stock Performance

The firm’s fifty day moving average price is $63.66 and its 200-day moving average price is $61.05. The company has a market cap of $37.47 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.75 and a beta of 1.26. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RYAAY. USA Financial Formulas bought a new stake in Ryanair in the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC boosted its position in shares of 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. raised its stake in Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after buying an additional 209 shares during the period. Financial Management Professionals Inc. acquired a new stake in Ryanair during the 2nd quarter worth $31,000. Finally, UMB Bank n.a. lifted its holdings in Ryanair by 1,057.4% during the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after acquiring an additional 497 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors.

About Ryanair

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.