Ryanair (NASDAQ:RYAAY) Hits New 52-Week High - What's Next?

Shares of Ryanair Holdings plc (NASDAQ:RYAAY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $56.46 and last traded at $56.20, with a volume of 989958 shares traded. The stock had previously closed at $56.03.

Analyst Ratings Changes

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

Ryanair Stock Down 1.1%

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 $29.77 billion, a PE ratio of 17.16, a P/E/G ratio of 2.01 and a beta of 1.37. The business has a 50 day moving average price of $47.59 and a 200 day moving average price of $46.06.

Hedge Funds Weigh In On Ryanair

A number of hedge funds have recently bought and sold shares of the business. National Bank of Canada FI raised its stake in shares of Ryanair by 198.6% during the 4th quarter. National Bank of Canada FI now owns 657 shares of the transportation company's stock worth $29,000 after buying an additional 437 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock worth $41,000 after buying an additional 481 shares during the period. R Squared Ltd acquired a new position in shares of Ryanair during the 4th quarter worth approximately $42,000. EverSource Wealth Advisors LLC raised its stake in shares of Ryanair by 32.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock worth $42,000 after buying an additional 236 shares during the period. Finally, Redwood Park Advisors LLC acquired a new position in shares of Ryanair during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 43.66% of the company's stock.

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.