Ryanair (NASDAQ:RYAAY) Shares Gap Down to $121.45

Ryanair Holdings plc (NASDAQ:RYAAY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $121.45, but opened at $118.94. Ryanair shares last traded at $118.14, with a volume of 30,330 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Evercore ISI raised their price target on Ryanair from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. UBS Group lowered Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. Barclays lowered Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 21st. Finally, HSBC lowered Ryanair from a “buy” rating to a “hold” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.50.

Ryanair Stock Performance

The company has a 50-day simple moving average of $122.00 and a two-hundred day simple moving average of $131.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $26.67 billion, a P/E ratio of 13.32, a PEG ratio of 1.11 and a beta of 1.55.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, May 20th. The transportation company reported ($1.31) EPS for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.01. Ryanair had a return on equity of 25.61% and a net margin of 14.30%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.33 billion. As a group, equities analysts forecast that Ryanair Holdings plc will post 11.19 EPS for the current year.

Hedge Funds Weigh In On Ryanair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new position in Ryanair in the 1st quarter valued at approximately $29,000. Advisors Preferred LLC purchased a new stake in Ryanair during the 4th quarter valued at $31,000. Bruce G. Allen Investments LLC purchased a new stake in Ryanair during the 4th quarter valued at $31,000. GAMMA Investing LLC raised its stake in Ryanair by 44.9% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock valued at $35,000 after buying an additional 75 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in Ryanair during the 4th quarter valued at $41,000. 43.66% of the stock is 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.