Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Given Consensus Recommendation of “Buy” by Brokerages

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

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

Rolls-Royce Holdings PLC Trading Up 0.1%

RYCEY stock opened at $18.78 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average is $16.87 and its two-hundred day moving average is $16.70. Rolls-Royce Holdings PLC has a 1 year low of $11.88 and a 1 year high of $18.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in shares of Rolls-Royce Holdings PLC by 65.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock valued at $181,000 after acquiring an additional 4,641 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of Rolls-Royce Holdings PLC in the 1st quarter valued at about $350,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Rolls-Royce Holdings PLC in the 1st quarter valued at about $1,963,000. Financial Avengers Inc. grew its stake in 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 worth $1,241,000 after buying an additional 12,525 shares during the last quarter. Finally, Dorsey Wright & Associates grew its stake in 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 worth $1,537,000 after buying an additional 2,117 shares during the last quarter. Hedge funds and other 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.