Ryanair (NASDAQ:RYAAY) Sets New 1-Year Low – What’s Next?

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) reached a new 52-week low during trading on Wednesday. The company traded as low as $51.51 and last traded at $51.6020, with a volume of 437,223 shares. The stock had previously closed at $52.84.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $74.00 target price on shares of Ryanair in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a research note on Tuesday, July 14th. Morgan Stanley initiated coverage on Ryanair in a research note on Friday, August 14th. They set an “overweight” rating and a $62.90 price target on the stock. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 4th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.97.

Ryanair Stock Performance

The stock has a market capitalization of $26.98 billion, a PE ratio of 12.52, a P/E/G ratio of 4.08 and a beta of 1.19. The company’s fifty day simple moving average is $55.18 and its two-hundred day simple moving average is $58.25.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. Sell-side analysts forecast that Ryanair Holdings PLC will post 3.87 EPS for the current fiscal year.

Ryanair Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, September 28th. Shareholders of record on Friday, August 7th were issued a dividend of $0.4434 per share. Ryanair’s dividend payout ratio (DPR) is presently 28.37%.

Hedge Funds Weigh In On Ryanair

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of Ryanair by 34.3% during the first quarter. Sei Investments Co. now owns 2,172,317 shares of the transportation company’s stock valued at $125,560,000 after acquiring an additional 555,029 shares during the last quarter. Metropolis Capital Ltd raised its stake in Ryanair by 10.8% in the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after purchasing an additional 385,444 shares during the last quarter. Milford Funds Ltd. raised its stake in Ryanair by 25.4% in the 2nd quarter. Milford Funds Ltd. now owns 1,263,847 shares of the transportation company’s stock valued at $81,834,000 after purchasing an additional 256,253 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Ryanair by 3.3% in 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 purchasing an additional 185,110 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in 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 valued at $118,645,000 after purchasing an additional 170,242 shares in the last quarter. 43.65% of the stock is owned by institutional investors and hedge funds.

Ryanair Company Profile

Ryanair Holdings plc is an Ireland-based airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair DAC, Malta Air, Buzz, Lauda and Ryanair UK, the group provides point-to-point air travel connecting cities and regional airports in Europe and selected destinations in North Africa.

The company’s core business is the sale of airline tickets, supported by ancillary services such as priority boarding, reserved seating, checked baggage, onboard food and beverages, travel insurance and car-hire or accommodation-related offerings.