Ryanair (NASDAQ:RYAAY) Share Price Passes Above 200 Day Moving Average – Here’s Why

Ryanair Holdings PLC (NASDAQ:RYAAY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $63.72 and traded as high as $65.59. Ryanair shares last traded at $64.17, with a volume of 850,157 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a report on Monday. Citigroup restated a “buy” rating on shares of Ryanair in a report on Tuesday, May 19th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $77.00 price target on shares of Ryanair in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.67.

Ryanair Stock Up 0.5%

The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $33.56 billion, a PE ratio of 13.69, a P/E/G ratio of 1.65 and a beta of 1.15. The stock’s fifty day simple moving average is $58.55 and its 200-day simple moving average is $63.73.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.09. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion. As a group, sell-side analysts forecast that Ryanair Holdings PLC will post 4.25 EPS for the current fiscal year.

Insider Transactions at Ryanair

In other Ryanair news, insider David Patrick Dpo O’brien sold 8,080 shares of Ryanair stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $210,160.80. Following the transaction, the insider owned 73,183 shares of the company’s stock, valued at $1,903,489.83. This trade represents a 9.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carol Marie Sharkey sold 6,999 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $182,043.99. Following the completion of the transaction, the insider owned 14,136 shares in the company, valued at $367,677.36. The trade was a 33.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 111,607 shares of company stock worth $2,918,397.

Institutional Investors Weigh In On Ryanair

Several large investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after buying an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its position in Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the period. Brown Brothers Harriman & Co. raised its position in Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after acquiring an additional 498 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Ryanair by 64.9% during the 4th quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 257 shares during the period. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.