Rolls-Royce Holding PLC (OTCMKTS:RYCEY) Upgraded by Zacks Investment Research to “Hold”

Rolls-Royce Holding PLC (OTCMKTS:RYCEY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “ROLLS ROYCE, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets – civil aerospace, defence aerospace, marine and energy. It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry. “

Separately, ValuEngine raised shares of Rolls-Royce Holding PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Rolls-Royce Holding PLC presently has a consensus rating of “Buy”.

RYCEY stock traded down $0.10 during trading hours on Tuesday, reaching $9.18. 139,110 shares of the stock were exchanged, compared to its average volume of 262,284. The firm’s 50-day moving average is $9.57 and its 200-day moving average is $10.71. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 2.02 and a beta of 0.99. Rolls-Royce Holding PLC has a 12 month low of $8.83 and a 12 month high of $13.11.

Several institutional investors and hedge funds have recently made changes to their positions in RYCEY. Canandaigua National Bank & Trust Co. bought a new position in Rolls-Royce Holding PLC in the second quarter valued at approximately $108,000. Park National Corp OH bought a new position in Rolls-Royce Holding PLC in the second quarter valued at approximately $127,000. Finally, Parametric Portfolio Associates LLC increased its stake in Rolls-Royce Holding PLC by 5.7% in the second quarter. Parametric Portfolio Associates LLC now owns 2,316,891 shares of the aerospace company’s stock valued at $24,976,000 after acquiring an additional 123,932 shares during the last quarter. 0.14% of the stock is currently owned by institutional investors.

About Rolls-Royce Holding PLC

Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

Read More: What is the Quick Ratio?

Get a free copy of the Zacks research report on Rolls-Royce Holding PLC (RYCEY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Rolls-Royce Holding PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holding PLC and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit