Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Receives Consensus Rating of “Buy” from Analysts

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has earned a consensus rating of “Buy” from the five research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have commented on RYCEY. BNP Paribas Exane began coverage on Rolls-Royce Holdings PLC in a research report on Friday, May 29th. They issued an “outperform” rating on the stock. Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 12th.

Rolls-Royce Holdings PLC Trading Down 1.6%

OTCMKTS RYCEY opened at $18.61 on Tuesday. The business’s 50-day moving average price is $16.97 and its two-hundred day moving average price is $16.80. Rolls-Royce Holdings PLC has a 12 month low of $12.78 and a 12 month high of $19.17. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Rolls-Royce Holdings PLC during the 1st quarter valued at about $1,963,000. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter valued at about $1,690,000. Dorsey Wright & Associates boosted its position in shares of Rolls-Royce Holdings PLC by 2.2% during the 4th quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock valued at $1,537,000 after purchasing an additional 2,117 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Rolls-Royce Holdings PLC by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock valued at $1,103,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Financial Avengers Inc. boosted its position in shares of Rolls-Royce Holdings PLC by 18.9% during the 4th quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock valued at $1,241,000 after purchasing an additional 12,525 shares in the last quarter. Institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls?Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.