Ryanair (NASDAQ:RYAAY) Sets New 12-Month High - What's Next?

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $58.80 and last traded at $58.29, with a volume of 1019737 shares traded. The stock had previously closed at $57.80.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RYAAY. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Wall Street Zen raised Ryanair from a "hold" rating to a "buy" rating in a research report on Saturday. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Citigroup restated a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Ryanair in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $108.50.

Ryanair Stock Performance

The stock has a market capitalization of $30.97 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38. The company has a 50 day simple moving average of $54.46 and a 200-day simple moving average of $48.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.74 and a quick ratio of 0.74.

Institutional Trading of Ryanair

A number of hedge funds and other institutional investors have recently made changes to their positions in RYAAY. Jones Financial Companies Lllp increased its stake in Ryanair by 110.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,932 shares of the transportation company's stock worth $128,000 after acquiring an additional 1,538 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ryanair by 64.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 148,320 shares of the transportation company's stock worth $6,465,000 after acquiring an additional 58,305 shares during the last quarter. Assetmark Inc. increased its stake in Ryanair by 12.7% in the 4th quarter. Assetmark Inc. now owns 69,807 shares of the transportation company's stock worth $3,043,000 after acquiring an additional 7,855 shares during the last quarter. Raymond James Financial Inc. bought a new position in Ryanair in the 4th quarter worth about $18,445,000. Finally, Inspire Advisors LLC increased its stake in Ryanair by 12.2% in the 4th quarter. Inspire Advisors LLC now owns 14,031 shares of the transportation company's stock worth $612,000 after acquiring an additional 1,521 shares during the last quarter. 43.66% of the stock is currently owned by 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.

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