Ryanair (NASDAQ:RYAAY) Shares Gap Up to $106.93

Ryanair Holdings plc (NASDAQ:RYAAY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $106.93, but opened at $112.62. Ryanair shares last traded at $111.70, with a volume of 73,780 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on RYAAY shares. HSBC downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Sanford C. Bernstein cut their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Hsbc Global Res upgraded shares of Ryanair to a “hold” rating in a report on Friday, July 12th. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Finally, UBS Group cut Ryanair from a “buy” rating to a “neutral” rating in a report on Thursday, June 20th. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $154.67.

Ryanair Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The business’s fifty day moving average price is $106.51 and its two-hundred day moving average price is $122.69. The stock has a market capitalization of $24.88 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.40 and a beta of 1.55.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, July 22nd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Ryanair had a net margin of 12.07% and a return on equity of 20.43%. As a group, sell-side analysts forecast that Ryanair Holdings plc will post 7.95 earnings per share for the current year.

Ryanair Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 9th will be given a $0.692 dividend. The ex-dividend date is Friday, September 13th. This represents a yield of 1.8%. Ryanair’s dividend payout ratio is presently 28.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of Ryanair by 90.8% during the 4th quarter. Capital World Investors now owns 9,294,414 shares of the transportation company’s stock worth $1,239,503,000 after purchasing an additional 4,424,400 shares during the period. Capital International Investors lifted its stake in Ryanair by 34.9% in the first quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock worth $2,099,700,000 after purchasing an additional 3,734,770 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Ryanair by 826.7% during the second quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company’s stock valued at $72,399,000 after buying an additional 554,680 shares during the period. Metropolis Capital Ltd grew its stake in shares of Ryanair by 93.0% during the first quarter. Metropolis Capital Ltd now owns 1,083,124 shares of the transportation company’s stock valued at $157,692,000 after buying an additional 521,913 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its holdings in shares of Ryanair by 58.7% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,065,800 shares of the transportation company’s stock worth $142,135,000 after buying an additional 394,300 shares during the period. 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.