Ryanair (NASDAQ:RYAAY) Reaches New 12-Month High – Should You Buy?

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) hit a new 52-week high on Thursday . The stock traded as high as $68.90 and last traded at $69.0910, with a volume of 279160 shares traded. The stock had previously closed at $67.30.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RYAAY. Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ryanair in a research report on Monday, December 1st. The Goldman Sachs Group lowered shares of Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Finally, Sanford C. Bernstein downgraded shares of Ryanair from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Trading Up 3.8%

The business has a fifty day moving average price of $63.22 and a 200 day moving average price of $60.88. The firm has a market cap of $36.77 billion, a PE ratio of 13.44, a P/E/G ratio of 0.71 and a beta of 1.26. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.14. Ryanair had a net margin of 16.29% and a return on equity of 31.32%. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $5.44 billion. Analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Hedge Funds Weigh In On Ryanair

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in Ryanair by 3.8% in the 3rd quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock valued at $304,000 after purchasing an additional 186 shares during the last quarter. Evelyn Partners Investment Management Services Ltd raised its holdings in shares of Ryanair by 40.4% in the second quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock valued at $44,000 after buying an additional 202 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after buying an additional 209 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Ryanair by 3.9% during the second quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock worth $336,000 after buying an additional 217 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Ryanair by 2.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock valued at $484,000 after acquiring an additional 225 shares during the period. 43.66% of the stock is currently owned by hedge funds and other 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.