Ryanair (NASDAQ:RYAAY) Shares Gap Up to $95.02

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) gapped up before the market opened on Thursday . The stock had previously closed at $95.02, but opened at $98.29. Ryanair shares last traded at $98.91, with a volume of 676,656 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. Evercore ISI boosted their price objective on shares of Ryanair from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Hsbc Global Res raised shares of Ryanair to a “hold” rating in a research report on Friday, July 12th. HSBC downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $158.50.

Ryanair Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $22.34 billion, a P/E ratio of 10.83, a PEG ratio of 0.91 and a beta of 1.55. The stock’s 50 day moving average is $118.18 and its two-hundred day moving average is $130.65.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, May 20th. The transportation company reported ($1.31) earnings per share for the quarter, beating the consensus estimate of ($1.32) by $0.01. Ryanair had a return on equity of 20.31% and a net margin of 12.07%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.33 billion. As a group, equities analysts predict that Ryanair Holdings plc will post 10.92 EPS for the current year.

Institutional Investors Weigh In On Ryanair

Several large investors have recently made changes to their positions in RYAAY. Transcendent Capital Group LLC acquired a new position in Ryanair in the first quarter valued at about $29,000. Advisors Preferred LLC acquired a new stake in shares of Ryanair during the fourth quarter worth approximately $31,000. GAMMA Investing LLC raised its stake in shares of Ryanair by 44.9% in the first quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Ryanair in the 4th quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC grew its position in Ryanair by 256.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

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.