Harris Associates LP recently announced the acquisition of new stake in Ryanair Holdings plc (NASDAQ:RYAAY). The institutional investor has increased its shareholding in the Industrials company by 2.27% to 10.89 million shares with purchase of 0.24 million shares. This fresh investment now brings its stake to 4.78% valued currently at $1.04 billion. In addition, Causeway Capital Management LLC raised its holdings by 1.54 million to 9.24 million shares. And Lazard Asset Management LLC has lifted its position by 5.66% or 0.34 million shares – to 6.29 million shares.
With over 1.25 million Ryanair Holdings plc (RYAAY) shares trading Tuesday and a closing price of $105.24 on the day, the dollar volume was approximately $131.04 million. The shares have shown a positive half year performance of 42.25% and its price on 05/23/23 gained nearly 5.35%. Currently, there are 227.60M common shares owned by the public and among those 215.27M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for RYAAY have a consensus price objective of $136.69. The analysts have set the share’s price value over the next 12 months at a high of $175.92 and a low of $110.00. The average price target is 12.84% above its recent price level and an upside to the estimated low will see the stock gain 4.33% over that period. But an upside of 40.18% will see the stock hit the forecast high price target while median target price for the stock is $136.07.
The top 3 mutual fund holders in Ryanair Holdings plc are Oakmark International Fund, American Funds Growth Fund of Ame, and American Funds New Perspective Fu. Oakmark International Fund owns 4.55 million shares of the company’s stock, all valued at over $434.51 million. The company sold -0.23 million shares recently to bring their total holdings to about 2.00% of the shares outstanding. American Funds New Perspective Fu now owns shares totaling to 1.47% of the shares outstanding.
Shares of Ryanair Holdings plc (NASDAQ: RYAAY) opened at $102.39, up $2.49 from a prior closing price of $99.90. However, the script later moved the day high at 106.35, up 5.35%. The company’s stock has a 5-day price change of 4.40% and 15.86% over the past three months. RYAAY shares are trading 40.77% year to date (YTD), with the 12-month market performance up to 22.56% higher. It has a 12-month low price of $55.90 and touched a high of $106.05 over the same period. RYAAY has an average intraday trading volume of 314.61K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.76%, 11.31%, and 28.56% respectively.
Institutional ownership of Ryanair Holdings plc (NASDAQ: RYAAY) shares accounts for 44.50% of the company’s 227.60M shares outstanding. Mutual fund holders own 23.08%, while other institutional holders and individual stakeholders account for 24.27% and — respectively.
It has a market capitalization of $20.97B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 16.27, while the earnings-per-share (ttm) stands at $6.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.21% over the week and 2.47% over the month.
Analysts forecast that Ryanair Holdings plc (RYAAY) will achieve an EPS of $1.37 for the current quarter, $6.47 for the next quarter and $8.87 for 2025. The lowest estimate earnings-per-share for the quarter is $0.92 while analysts give the company a high EPS estimate of $1.85. Comparatively, EPS for the current quarter was $0.82 a year ago. Earnings per share for the fiscal year are expected to increase by 76.70%, and 11.70% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Ryanair Holdings plc (RYAAY) as a “Strong Buy” at a consensus score of 1.20. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 0 of the 19 advise that investors “hold,” and 0 rated it as a “Sell.”
