Why Ryanair (RYAAY) Stock Is Climbing Today

NEW YORK (TheStreet) -- Shares of Ryanair Holdings Plc  (RYAAY) are up 3.06% to $54.21 after the Dublin-based airline raised its full year profit forecast as a campaign to improve service pulled more customers away from its struggling rivals, Reuters reports.

The airline said first quarter profit more than doubled to 197 million euros, or $264.7 million, beating a consensus forecast of 157 million euros from analysts polled by the company.

It raised its profit forecast for the year to March 2015 to 620-650 million euros from 580-620 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates RYANAIR HOLDINGS PLC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate RYANAIR HOLDINGS PLC (RYAAY) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists