Zacks Investment Research upgraded shares of Rolls-Royce Holding PLC (OTCMKTS:RYCEY) from a sell rating to a hold rating in a report released 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 research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $13.00.

Shares of OTCMKTS:RYCEY opened at $10.13 on Tuesday. The company has a market cap of $19.31 billion, a PE ratio of 48.22, a P/E/G ratio of 2.20 and a beta of 1.00. The company’s 50-day moving average price is $9.67 and its 200 day moving average price is $11.12. Rolls-Royce Holding PLC has a fifty-two week low of $9.00 and a fifty-two week high of $13.33.

Institutional investors have recently added to or reduced their stakes in the business. Canandaigua National Bank & Trust Co. acquired a new position in Rolls-Royce Holding PLC during the 2nd quarter valued at about $108,000. Park National Corp OH acquired a new position in Rolls-Royce Holding PLC during the 2nd quarter valued at about $127,000. Finally, Parametric Portfolio Associates LLC increased its stake in Rolls-Royce Holding PLC by 8.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,192,959 shares of the aerospace company’s stock valued at $25,943,000 after buying an additional 168,361 shares during the period. 0.14% of the stock is currently owned by hedge funds and other institutional investors.

Rolls-Royce Holding PLC 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.

See Also: Are FAANG stocks a good investment?

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.