Rolls-Royce (OTCMKTS:RYCEY) Stock Rating Upgraded by Zacks Investment Research
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. “
Other equities analysts have also issued research reports about the company. ValuEngine upgraded Rolls-Royce from a hold rating to a buy rating in a research note on Wednesday, February 13th. Credit Suisse Group upgraded Rolls-Royce from a neutral rating to an outperform rating in a research note on Wednesday, February 13th. BNP Paribas upgraded Rolls-Royce from a neutral rating to an outperform rating in a research note on Friday, April 5th. Finally, Morgan Stanley upgraded Rolls-Royce from an equal weight rating to an overweight rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Rolls-Royce presently has an average rating of Hold and a consensus target price of $13.00.
An institutional investor recently raised its position in Rolls-Royce stock. Quadrant Capital Group LLC lifted its holdings in shares of Rolls-Royce Holding PLC (OTCMKTS:RYCEY) by 108.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 19,386 shares of the aerospace company’s stock after acquiring an additional 10,085 shares during the period. Quadrant Capital Group LLC’s holdings in Rolls-Royce were worth $223,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.13% of the company’s stock.
Rolls-Royce Company Profile
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.
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