Ryanair (NASDAQ:RYAAY) Reaches New 52-Week High After Earnings Beat

Ryanair Holdings plc (NASDAQ:RYAAY) shares reached a new 52-week high during trading on Monday following a stronger than expected earnings report. The stock traded as high as $52.98 and last traded at $53.57, with a volume of 306497 shares traded. The stock had previously closed at $50.00.

The transportation company reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $3.76. Ryanair had a net margin of 12.14% and a return on equity of 21.46%.

Analysts Set New Price Targets

RYAAY has been the topic of several recent analyst reports. StockNews.com cut Ryanair from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Ryanair has a consensus rating of “Buy” and an average target price of $147.00.

Institutional Investors Weigh In On Ryanair

Several hedge funds have recently made changes to their positions in RYAAY. Capital International Investors increased its position in Ryanair by 6.1% during the fourth quarter. Capital International Investors now owns 38,800,258 shares of the transportation company’s stock worth $1,691,536,000 after purchasing an additional 2,231,153 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Ryanair by 4.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock valued at $1,242,480,000 after buying an additional 1,233,059 shares during the period. Brave Warrior Advisors LLC increased its holdings in shares of Ryanair by 9.8% during the 4th quarter. Brave Warrior Advisors LLC now owns 5,604,258 shares of the transportation company’s stock worth $244,290,000 after buying an additional 500,239 shares during the last quarter. Metropolis Capital Ltd increased its holdings in shares of Ryanair by 3.5% during the 1st quarter. Metropolis Capital Ltd now owns 4,753,672 shares of the transportation company’s stock worth $201,413,000 after buying an additional 160,542 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Ryanair by 7.3% in the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock worth $165,630,000 after buying an additional 266,343 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Stock Up 7.9%

The stock has a fifty day moving average of $46.19 and a two-hundred day moving average of $45.52. 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 market cap of $28.71 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.01 and a beta of 1.37.

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.