Ryanair (NASDAQ:RYAAY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) saw unusually-strong trading volume on Monday . Approximately 529,836 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 594,978 shares.The stock last traded at $43.03 and had previously closed at $42.75.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RYAAY shares. UBS Group raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Finally, StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Ryanair Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average is $44.67 and its 200-day moving average is $76.46. The firm has a market cap of $24.12 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.09). Ryanair had a net margin of 11.38% and a return on equity of 19.92%. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the company earned $2.88 EPS. Equities analysts anticipate that Ryanair Holdings plc will post 2.97 earnings per share for the current year.

Ryanair Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 17th will be issued a dividend of $0.4677 per share. The ex-dividend date is Friday, January 17th. This represents a dividend yield of 4.2%. Ryanair’s dividend payout ratio is currently 33.33%.

Hedge Funds Weigh In On Ryanair

Institutional investors have recently modified their holdings of the company. LGT Fund Management Co Ltd. acquired a new position in Ryanair during the 2nd quarter valued at about $265,000. Massachusetts Financial Services Co. MA boosted its position in shares of Ryanair by 2.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,453,075 shares of the transportation company’s stock valued at $1,100,716,000 after buying an additional 183,584 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Ryanair by 17.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 31,686 shares of the transportation company’s stock worth $3,690,000 after buying an additional 4,642 shares in the last quarter. Hsbc Holdings PLC bought a new position in Ryanair during the 2nd quarter valued at $10,817,000. Finally, Inspire Investing LLC boosted its holdings in Ryanair by 20.4% during the 2nd quarter. Inspire Investing LLC now owns 15,069 shares of the transportation company’s stock worth $1,755,000 after acquiring an additional 2,558 shares during the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

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.