Ryanair (NASDAQ:RYAAY) Hits New 1-Year High – Time to Buy?

Ryanair Holdings PLC (NASDAQ:RYAAY) reached a new 52-week high on Monday . The stock traded as high as $73.92 and last traded at $73.93, with a volume of 490198 shares changing hands. The stock had previously closed at $72.50.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Sanford C. Bernstein cut Ryanair from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research note on Monday, December 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday, November 4th. Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryanair has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Stock Down 0.1%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $37.58 billion, a PE ratio of 13.75, a P/E/G ratio of 0.73 and a beta of 1.25. The business’s 50 day simple moving average is $67.70 and its 200 day simple moving average is $63.13.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. As a group, analysts anticipate that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th will be paid a $0.4545 dividend. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s dividend payout ratio is 13.85%.

Institutional Trading of Ryanair

Institutional investors and hedge funds have recently bought and sold shares of the stock. USA Financial Formulas acquired a new stake in shares of Ryanair during the third quarter valued at about $26,000. CIBC Private Wealth Group LLC increased its holdings in Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its position in Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares during the period. Financial Management Professionals Inc. acquired a new position in Ryanair during the second quarter worth $31,000. Finally, UMB Bank n.a. lifted its stake in Ryanair by 1,057.4% during the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after purchasing an additional 497 shares in the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.