Ryanair (NASDAQ:RYAAY) Reaches New 1-Year High - What's Next?

Ryanair Holdings plc (NASDAQ:RYAAY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.33 and last traded at $57.31, with a volume of 331967 shares traded. The stock had previously closed at $57.18.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Citigroup restated a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Wall Street Zen downgraded shares of Ryanair from a "buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada restated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $147.00.

Ryanair Trading Down 1.9%

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's 50 day moving average price is $49.99 and its 200-day moving average price is $46.82. The stock has a market capitalization of $29.97 billion, a P/E ratio of 17.27, a P/E/G ratio of 2.01 and a beta of 1.38.

Hedge Funds Weigh In On Ryanair

A number of hedge funds and other institutional investors have recently modified their holdings of the business. National Bank of Canada FI boosted its stake in Ryanair by 198.6% in the fourth quarter. National Bank of Canada FI now owns 657 shares of the transportation company's stock valued at $29,000 after acquiring an additional 437 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Ryanair by 32.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock valued at $42,000 after acquiring an additional 236 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Ryanair by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after acquiring an additional 481 shares in the last quarter. Redwood Park Advisors LLC acquired a new stake in Ryanair in the fourth quarter valued at approximately $43,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in 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 valued at $43,000 after acquiring an additional 938 shares in the last quarter. 43.66% of the stock is currently 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.