Ryanair (NASDAQ:RYAAY) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Ryanair Holdings PLC (NASDAQ:RYAAY) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $54.19 and traded as high as $56.80. Ryanair shares last traded at $55.29, with a volume of 2,372,038 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RYAAY. Zacks Research upgraded Ryanair from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research report on Tuesday, July 14th. Oddo Bhf lowered Ryanair from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 28th. Barclays lowered Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 9th. Finally, Morgan Stanley started coverage on Ryanair in a research report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ryanair presently has a consensus rating of “Moderate Buy” and an average target price of $73.97.

Ryanair Stock Up 2.9%

The company has a market cap of $28.64 billion, a P/E ratio of 13.29, a PEG ratio of 4.28 and a beta of 1.19. The firm has a fifty day moving average price of $54.19 and a 200 day moving average price of $59.79.

Institutional Investors Weigh In On Ryanair

Hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its position in shares of Ryanair by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock valued at $332,480,000 after acquiring an additional 185,110 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Ryanair by 0.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,007,671 shares of the transportation company’s stock valued at $259,497,000 after purchasing an additional 14,074 shares during the period. Trinity Street Asset Management LLP boosted its position in shares of Ryanair by 3.2% in the 2nd quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock worth $230,992,000 after purchasing an additional 110,700 shares during the last quarter. Sei Investments Co. boosted its position in shares of Ryanair by 34.3% in the 1st quarter. Sei Investments Co. now owns 2,172,317 shares of the transportation company’s stock worth $125,560,000 after purchasing an additional 555,029 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Ryanair by 9.0% in the 1st quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock worth $118,645,000 after purchasing an additional 170,242 shares during the last quarter. Institutional investors own 43.65% of the company’s stock.

Ryanair Company Profile

Ryanair Holdings plc is an Ireland-based airline group and the parent company of Ryanair, one of Europe’s largest low-cost carriers. The group operates a primarily short-haul network focused on affordable air travel, offering scheduled passenger flights, seat reservations, priority boarding, and related travel services.

Ryanair’s airline operations include Ryanair DAC, Malta Air, Buzz, Lauda, and Ryanair UK. Together, these carriers serve destinations across Europe and selected markets in North Africa and the Middle East, connecting major cities and regional airports through a point-to-point route network.