Ryanair (NASDAQ:RYAAY) Reaches New 1-Year High – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RYAAY. Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday, November 4th. The Goldman Sachs Group cut Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Sanford C. Bernstein downgraded Ryanair from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen lowered Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Ryanair has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Ryanair Price Performance

The stock has a market cap of $35.55 billion, a PE ratio of 15.87, a P/E/G ratio of 0.66 and a beta of 1.39. The business has a fifty day simple moving average of $60.95 and a two-hundred day simple moving average of $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 posted 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 $6.32 billion during the quarter, compared to the consensus estimate of $5.44 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. Research analysts forecast that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On Ryanair

Several hedge funds have recently bought and sold shares of the business. CWM LLC grew its holdings in Ryanair by 39.8% in the first quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock worth $50,000 after purchasing an additional 339 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Ryanair by 2.6% during the first quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company’s stock valued at $343,000 after purchasing an additional 206 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Ryanair by 36.2% in the 1st quarter. Cetera Investment Advisers now owns 18,481 shares of the transportation company’s stock worth $783,000 after purchasing an additional 4,909 shares in the last quarter. Assetmark Inc. boosted its position in shares of Ryanair by 12.4% in the 1st quarter. Assetmark Inc. now owns 78,431 shares of the transportation company’s stock worth $3,323,000 after purchasing an additional 8,624 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Ryanair by 9.1% in the 1st quarter. LPL Financial LLC now owns 54,247 shares of the transportation company’s stock worth $2,298,000 after buying an additional 4,504 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

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.