Ryanair (NASDAQ:RYAAY) Reaches New 52-Week High on Better-Than-Expected Earnings

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Get Free Report) reached a new 52-week high during mid-day trading on Monday following a stronger than expected earnings report. The stock traded as high as $60.01 and last traded at $59.86, with a volume of 2355425 shares. The stock had previously closed at $56.15.

The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.21 by $0.53. Ryanair had a net margin of 11.79% and a return on equity of 21.35%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RYAAY shares. Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Raymond James Financial reissued a "strong-buy" rating on shares of Ryanair in a research report on Wednesday, July 2nd. Sanford C. Bernstein reiterated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Citigroup reiterated a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Oddo Bhf raised Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Seven research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $108.50.

Institutional Investors Weigh In On Ryanair

A number of large investors have recently bought and sold shares of the company. Capital International Investors grew its position in Ryanair by 6.1% during the 4th 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 raised its position 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 acquiring an additional 1,233,059 shares in the last quarter. Brave Warrior Advisors LLC grew its position in shares of Ryanair by 9.8% during the fourth quarter. Brave Warrior Advisors LLC now owns 5,604,258 shares of the transportation company's stock worth $244,290,000 after acquiring an additional 500,239 shares during the last quarter. Metropolis Capital Ltd grew its holdings in Ryanair by 0.8% during the second quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company's stock worth $276,253,000 after acquiring an additional 36,559 shares during the period. Finally, Royal Bank of Canada increased its stake in 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 purchasing an additional 266,343 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Stock Up 6.6%

The business's 50-day moving average price is $55.96 and its 200-day moving average price is $49.19. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $31.77 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.38.

About Ryanair

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.

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