Ryanair (NASDAQ:RYAAY) Sets New 52-Week High After Earnings Beat

Ryanair Holdings plc (NASDAQ:RYAAY)’s share price reached a new 52-week high during mid-day trading on Monday following a better than expected earnings announcement. The stock traded as high as $52.98 and last traded at $53.57, with a volume of 306497 shares. The stock had previously closed at $50.00.

The transportation company reported $3.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $3.76. Ryanair had a return on equity of 21.46% and a net margin of 12.14%.

Analyst Ratings Changes

A number of brokerages have issued reports on RYAAY. StockNews.com cut Ryanair from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Ryanair has a consensus rating of “Buy” and an average target price of $147.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Capital International Investors boosted its stake in shares of Ryanair by 6.1% in the fourth quarter. Capital International Investors now owns 38,800,258 shares of the transportation company’s stock worth $1,691,536,000 after buying an additional 2,231,153 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Ryanair by 4.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock worth $1,242,480,000 after acquiring an additional 1,233,059 shares in the last quarter. Brave Warrior Advisors LLC boosted its position in shares of Ryanair by 9.8% in the 4th quarter. Brave Warrior Advisors LLC now owns 5,604,258 shares of the transportation company’s stock valued at $244,290,000 after purchasing an additional 500,239 shares during the period. Metropolis Capital Ltd raised its stake in shares of Ryanair by 3.5% during the 1st quarter. Metropolis Capital Ltd now owns 4,753,672 shares of the transportation company’s stock worth $201,413,000 after buying an additional 160,542 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Ryanair by 7.3% during the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock valued at $165,630,000 after buying an additional 266,343 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Up 6.4%

The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.01 and a beta of 1.37. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $46.04 and a two-hundred day moving average of $45.46.

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.