Ryan Specialty Holdings Inc [RYAN] stock prices are up 6.24% to $52.42 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RYAN shares have gain 3.23% over the last week, with a monthly amount glided 0.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ryan Specialty Holdings Inc [NYSE: RYAN] stock has seen the most recent analyst activity on November 20, 2023, when Goldman downgraded its rating to a Neutral and also revised its price target to $53 from $57. Previously, BMO Capital Markets downgraded its rating to Market Perform on October 30, 2023. On September 22, 2023, Wolfe Research initiated with a Outperform rating and assigned a price target of $59 on the stock. JMP Securities started tracking the stock assigning a Mkt Perform rating. BMO Capital Markets initiated its recommendation with a Outperform and recommended $51 as its price target on January 20, 2023. Wells Fargo upgraded its rating to Overweight for this stock on December 16, 2022, and upped its price target to $45. In a note dated December 15, 2022, Citigroup initiated an Neutral rating and provided a target price of $42 on this stock.
The stock price of Ryan Specialty Holdings Inc [RYAN] has been fluctuating between $39.27 and $56.51 over the past year. Currently, Wall Street analysts expect the stock to reach $44.33 within the next 12 months. Ryan Specialty Holdings Inc [NYSE: RYAN] shares were valued at $52.42 at the most recent close of the market. An investor can expect a potential drop of -15.43% based on the average RYAN price forecast.
Analyzing the RYAN fundamentals
The Ryan Specialty Holdings Inc [NYSE:RYAN] reported sales of 2.10B for trailing twelve months, representing a surge of 27.76%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.16 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.23 points at the first support level, and at 48.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.70, and for the 2nd resistance point, it is at 54.99.
Ryan Specialty Holdings Inc [RYAN] reported earnings per share of $0.35 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of $0.01 and a surprise factor of 2.90%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.32 per share as compared to estimates of $0.31 per share, a difference of $0.01 representing a surprise of 3.20%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.96, the price to book ratio is 11.11 and price to earnings (TTM) ratio is 102.74.
Transactions by insiders
Recent insider trading involved BOLGER DAVID P, Director, that happened on Nov 13 ’23 when 10580.0 shares were sold. Director, CORTEZI NICHOLAS DOMINIC completed a deal on Aug 18 ’23 to sell 4283.0 shares. Meanwhile, Director CORTEZI NICHOLAS DOMINIC sold 25000.0 shares on Aug 17 ’23.
