Ryanair (NASDAQ:RYAAY) Hits New 1-Year Low – Here’s Why

Ryanair Holdings PLC (NASDAQ:RYAAY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $51.68 and last traded at $51.95, with a volume of 2498542 shares traded. The stock had previously closed at $53.16.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RYAAY shares. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $74.00 price objective on shares of Ryanair in a research note on Monday, August 24th. Weiss Ratings lowered shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 4th. Morgan Stanley started coverage on shares of Ryanair in a research note on Friday, August 14th. They issued an “overweight” rating and a $62.90 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.97.

Ryanair Stock Up 1.7%

The firm has a fifty day moving average price of $57.71 and a 200 day moving average price of $59.28. The company has a market cap of $27.73 billion, a P/E ratio of 12.86, a PEG ratio of 4.49 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. On average, sell-side analysts anticipate that Ryanair Holdings PLC will post 3.84 earnings per share for the current year.

Ryanair Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, August 7th will be given a $0.4434 dividend. Ryanair’s payout ratio is presently 18.03%.

Insiders Place Their Bets

In other Ryanair news, insider John Hurley sold 15,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the completion of the transaction, the insider directly owned 76,025 shares of the company’s stock, valued at approximately $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Ryanair

Large investors have recently modified their holdings of the stock. Strategic Investment Advisors MI boosted its holdings in shares of Ryanair by 4.9% during the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company’s stock worth $230,000 after buying an additional 184 shares during the period. AdvisorShares Investments LLC grew its stake in Ryanair by 1.1% in the 4th quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company’s stock valued at $1,310,000 after buying an additional 201 shares during the last quarter. RFG Advisory LLC raised its holdings in Ryanair by 5.6% in the 2nd quarter. RFG Advisory LLC now owns 3,788 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 202 shares during the period. IFP Advisors Inc raised its holdings in Ryanair by 48.1% in the 2nd quarter. IFP Advisors Inc now owns 665 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 216 shares during the period. Finally, Savant Capital LLC lifted its position in Ryanair by 3.8% during the fourth quarter. Savant Capital LLC now owns 6,398 shares of the transportation company’s stock worth $462,000 after acquiring an additional 234 shares during the last quarter. 43.65% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Company Profile

Ryanair Holdings plc is an Irish airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair, Ryanair UK, Malta Air, Buzz and Lauda, the group connects a broad network of destinations with a focus on affordable fares, high aircraft utilization and short-haul travel.

The company serves markets throughout the United Kingdom and continental Europe, as well as selected destinations in North Africa and the Middle East.