Ryanair (NASDAQ:RYAAY) Sets New 12-Month High - Here's What Happened

Ryanair Holdings plc (NASDAQ:RYAAY - Get Free Report) reached 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. 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 report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Wall Street Zen lowered Ryanair from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Ryanair presently has an average rating of "Moderate Buy" and an average price target of $147.00.

Ryanair Trading Down 0.3%

The stock has a market capitalization of $29.68 billion, a PE ratio of 17.10, a P/E/G ratio of 2.01 and a beta of 1.37. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $47.80 and a 200-day moving average price of $46.13.

Hedge Funds Weigh In On Ryanair

Institutional investors and hedge funds have recently modified their holdings of the company. National Bank of Canada FI lifted its position in Ryanair by 198.6% during the fourth quarter. National Bank of Canada FI now owns 657 shares of the transportation company's stock valued at $29,000 after purchasing an additional 437 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Ryanair by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after purchasing an additional 481 shares in the last quarter. R Squared Ltd purchased a new position in Ryanair during the fourth quarter valued at $42,000. EverSource Wealth Advisors LLC lifted its position in Ryanair by 32.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock valued at $42,000 after purchasing an additional 236 shares in the last quarter. Finally, Redwood Park Advisors LLC purchased a new position in Ryanair during the fourth quarter valued at $43,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

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.