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

Ryanair Holdings plc (NASDAQ:RYAAY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $57.33 and last traded at $57.31, with a volume of 331967 shares. The stock had previously closed at $57.18.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, May 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a research note on Wednesday, May 21st. Royal Bank of Canada restated an “outperform” rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Ryanair Stock Performance

The company has a market capitalization of $30.34 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $49.03 and a 200 day moving average of $46.56.

Institutional Investors Weigh In On Ryanair

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI raised its stake in shares of Ryanair by 198.6% in the fourth quarter. National Bank of Canada FI now owns 657 shares of the transportation company’s stock worth $29,000 after purchasing an additional 437 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company’s stock worth $41,000 after acquiring an additional 481 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Ryanair by 32.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 236 shares during the last quarter. Redwood Park Advisors LLC bought a new position in shares of Ryanair in the fourth quarter worth $43,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Ryanair by 1,158.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company’s stock worth $43,000 after buying an additional 938 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

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.