Ryanair (NASDAQ:RYAAY) Trading 4.6% Higher – Here’s Why

Ryanair Holdings plc (NASDAQ:RYAAY)’s share price was up 4.6% on Thursday . The company traded as high as $46.58 and last traded at $46.44. Approximately 565,574 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,589,938 shares. The stock had previously closed at $44.41.

Analyst Ratings Changes

A number of equities analysts have recently commented on RYAAY shares. StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Sanford C. Bernstein reduced their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Finally, UBS Group upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ryanair has an average rating of “Buy” and a consensus target price of $154.67.

Ryanair Stock Down 0.4 %

The firm’s 50-day simple moving average is $45.91 and its two-hundred day simple moving average is $89.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $25.38 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.56 and a beta of 1.51.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% and a net margin of 11.38%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. On average, sell-side analysts expect that Ryanair Holdings plc will post 2.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gallacher Capital Management LLC lifted its stake in Ryanair by 4.1% in the second quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock valued at $442,000 after buying an additional 150 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Ryanair by 0.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock valued at $2,939,000 after buying an additional 212 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in Ryanair by 87.5% in the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock valued at $34,000 after buying an additional 350 shares in the last quarter. Ridgewood Investments LLC bought a new position in Ryanair in the second quarter valued at approximately $50,000. Finally, Cetera Advisors LLC lifted its stake in Ryanair by 28.4% in the first quarter. Cetera Advisors LLC now owns 1,953 shares of the transportation company’s stock valued at $284,000 after buying an additional 432 shares in 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.