Ryanair (RYAAY) Sets New 52-Week Low at $72.64

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $72.64 and last traded at $72.26, with a volume of 14312 shares changing hands. The stock had previously closed at $74.24.

RYAAY has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Ryanair from a “strong sell” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday. BidaskClub downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Tuesday. Macquarie initiated coverage on shares of Ryanair in a research report on Tuesday, November 27th. They set an “underperform” rating for the company. TheStreet downgraded shares of Ryanair from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. Finally, ValuEngine raised shares of Ryanair from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Ryanair currently has a consensus rating of “Hold” and a consensus price target of $83.00.

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of 10.40 and a beta of 0.76.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, October 22nd. The transportation company reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $4.62 by ($0.20). Ryanair had a return on equity of 27.63% and a net margin of 17.13%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.22 billion. Research analysts anticipate that Ryanair Holdings plc will post 5.7 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Castleark Management LLC boosted its holdings in shares of Ryanair by 305.2% during the second quarter. Castleark Management LLC now owns 10,210 shares of the transportation company’s stock valued at $1,166,000 after acquiring an additional 7,690 shares during the period. Thornburg Investment Management Inc. boosted its holdings in shares of Ryanair by 4.4% during the third quarter. Thornburg Investment Management Inc. now owns 1,889,740 shares of the transportation company’s stock valued at $181,491,000 after acquiring an additional 79,755 shares during the period. WCM Investment Management CA boosted its holdings in shares of Ryanair by 7.6% during the third quarter. WCM Investment Management CA now owns 4,161,465 shares of the transportation company’s stock valued at $399,666,000 after acquiring an additional 295,462 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Ryanair by 1,804.1% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,643 shares of the transportation company’s stock valued at $1,444,000 after acquiring an additional 11,979 shares during the period. Finally, Lucia Wealth Services LLC acquired a new position in shares of Ryanair during the second quarter valued at $408,000. 43.58% of the stock is owned by hedge funds and other institutional investors.

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About Ryanair (NASDAQ:RYAAY)

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.

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