Rockcliff Metal (RCL) Price Target Raised to $155.00
Rockcliff Metal (NYSE:RCL) had its target price upped by Buckingham Research from $149.00 to $155.00 in a research note released on Wednesday morning. Buckingham Research currently has a buy rating on the stock.
A number of other research analysts also recently weighed in on the company. Stifel Nicolaus restated a buy rating and issued a $134.00 price target on shares of Rockcliff Metal in a research note on Thursday, September 7th. Zacks Investment Research upgraded Rockcliff Metal from a hold rating to a buy rating and set a $136.00 price target for the company in a research note on Friday, September 1st. J P Morgan Chase & Co upgraded Rockcliff Metal from a neutral rating to an overweight rating and raised their price target for the company from $111.00 to $130.00 in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) started coverage on Rockcliff Metal in a research note on Monday, July 24th. They issued a neutral rating for the company. Finally, Argus raised their price target on Rockcliff Metal from $135.00 to $145.00 and gave the company a buy rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$126.33.
Rockcliff Metal (NYSE:RCL) traded down C$2.45 during mid-day trading on Wednesday, reaching C$124.22. The company’s stock had a trading volume of 2,430,000 shares, compared to its average volume of 1,710,000. Rockcliff Metal has a 12-month low of C$78.77 and a 12-month high of C$133.75.
Rockcliff Metal (NYSE:RCL) last posted its quarterly earnings results on Tuesday, November 7th. The company reported C$3.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$3.43 by C$0.06. The firm had revenue of C$2.57 billion during the quarter, compared to the consensus estimate of C$2.57 billion. Rockcliff Metal had a return on equity of 15.64% and a net margin of 16.83%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $3.20 earnings per share.
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In other Rockcliff Metal news, CEO Richard D. Fain sold 20,000 shares of Rockcliff Metal stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$118.95, for a total value of C$2,379,000.00. Following the completion of the transaction, the chief executive officer now directly owns 947,741 shares of the company’s stock, valued at approximately C$112,733,791.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Harri U. Kulovaara sold 7,580 shares of Rockcliff Metal stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$119.61, for a total value of C$906,643.80. Following the completion of the transaction, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at C$2,809,997.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,580 shares of company stock valued at $8,225,444.
A number of hedge funds and other institutional investors have recently made changes to their positions in RCL. TLP Group LLC acquired a new position in Rockcliff Metal in the 2nd quarter valued at $105,000. Acrospire Investment Management LLC raised its holdings in Rockcliff Metal by 25.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Rockcliff Metal in the 1st quarter valued at $119,000. NEXT Financial Group Inc increased its stake in shares of Rockcliff Metal by 9.0% in the 2nd quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock valued at $119,000 after purchasing an additional 90 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Rockcliff Metal in the 3rd quarter valued at $119,000.
Rockcliff Metal Company Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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