Can Ryanair Stock Fly Above Resistance Levels, What Earnings Show

Mon., May 22, 2023 | Gabriel Osorio-Mazilli

Key Points

Ryanair has reported first quarter 2023 earnings, beating bearish and bullish expectations to showcase a heating industry with no slowdown.
Reporting increased volumes, financials also saw double-digit and even triple-digit increases year over year, setting up the foundations for a new rally in the stock.
Analysts may be cautiously analyzing what these figures mean and the industry's future before updating price targets. Investors can get ahead by accounting for expansionary measures within the firm, and new Jet orders are seen from airplane manufacturers.
Cost-reductions boosting margins, increased volumes, demand, reinvestments into expansion, and these technical patterns forming all give investors reason to keep RYAAY in their watchlists.
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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Ryanair (RYAAY)	2.5317 of 5 stars	$106.07	-0.6%	N/A	18.16	Buy	$46.50
Boeing (BA)	1.2612 of 5 stars	$207.28	-0.7%	N/A	-29.95	Moderate Buy	$221.60
Deutsche Lufthansa (DLAKY)	2.2354 of 5 stars	$9.76	+0.4%	N/A	12.68	Hold	$8.77

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About Gabriel Osorio-Mazilli

Contributing Author: Value Stocks, Asian Markets, Macro Economics

Gabriel Osorio-Mazzilli has six years of experience in investing and trading financial markets and three years of institutional experience at both Goldman Sachs and Citigroup. He employs a bottom-top approach for picking value-driven investments and uses quantitative strategies in long/short equity trading.

Contact Gabriel Osorio-Mazilli via email at gosoriomazzilli@gmail.com.