Ryanair (NASDAQ:RYAAY) Shares Down 2.4% - Should You Sell?

Ryanair Holdings PLC (NASDAQ:RYAAY - Get Free Report)'s stock price was down 2.4% during trading on Friday . The company traded as low as $56.55 and last traded at $56.62. Approximately 246,626 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,636,385 shares. The stock had previously closed at $58.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RYAAY shares. Wall Street Zen upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Finally, Citigroup reissued a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Seven research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $108.50.

Ryanair Price Performance

The company's 50-day moving average price is $55.83 and its 200-day moving average price is $49.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $29.92 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.01 and a beta of 1.38.

Institutional Investors Weigh In On Ryanair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. acquired a new stake in Ryanair in the second quarter valued at $31,000. Maseco LLP acquired a new stake in Ryanair in the second quarter valued at $53,000. CHICAGO TRUST Co NA lifted its stake in Ryanair by 22.4% in the second quarter. CHICAGO TRUST Co NA now owns 7,942 shares of the transportation company's stock valued at $458,000 after acquiring an additional 1,455 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Ryanair by 30.2% in the second quarter. Farther Finance Advisors LLC now owns 7,591 shares of the transportation company's stock valued at $438,000 after acquiring an additional 1,759 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in Ryanair by 17.7% in the second quarter. Gradient Investments LLC now owns 13,859 shares of the transportation company's stock valued at $799,000 after acquiring an additional 2,080 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

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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