Ryanair (NASDAQ:RYAAY) Hits New 12-Month High – What’s Next?

Ryanair Holdings PLC (NASDAQ:RYAAY) hit a new 52-week high on Tuesday . The stock traded as high as $67.24 and last traded at $67.2950, with a volume of 153514 shares trading hands. The stock had previously closed at $64.90.

Analysts Set New Price Targets

A number of research firms recently issued reports on RYAAY. The Goldman Sachs Group lowered Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday, November 4th. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Finally, Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Ryanair Trading Up 4.1%

The stock has a market capitalization of $35.55 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.39. The stock’s fifty day moving average price is $60.95 and its two-hundred day moving average price is $59.71. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.14. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The company had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Equities research analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Hedge Funds Weigh In On Ryanair

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in Ryanair by 39.8% in the first quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 339 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Ryanair by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company’s stock worth $343,000 after buying an additional 206 shares during the period. Cetera Investment Advisers increased its stake in shares of Ryanair by 36.2% in the first quarter. Cetera Investment Advisers now owns 18,481 shares of the transportation company’s stock worth $783,000 after buying an additional 4,909 shares during the period. Assetmark Inc. raised its holdings in Ryanair by 12.4% during the 1st quarter. Assetmark Inc. now owns 78,431 shares of the transportation company’s stock valued at $3,323,000 after buying an additional 8,624 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Ryanair by 9.1% during the 1st quarter. LPL Financial LLC now owns 54,247 shares of the transportation company’s stock valued at $2,298,000 after buying an additional 4,504 shares during the period. 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.