Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Receives Average Recommendation of “Moderate Buy” from Analysts

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms recently commented on RYCEY. Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. BNP Paribas Exane began coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They issued an “outperform” rating for the company.

Rolls-Royce Holdings PLC Stock Up 0.6%

RYCEY stock opened at $17.18 on Friday. The firm has a 50-day simple moving average of $16.34 and a two-hundred day simple moving average of $16.33. Rolls-Royce Holdings PLC has a one year low of $11.88 and a one year high of $18.98. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors have recently bought and sold shares of the business. Bowen Hanes & Co. Inc. raised its position in Rolls-Royce Holdings PLC by 6.9% during the 3rd quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock worth $70,006,000 after buying an additional 278,070 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter valued at approximately $1,963,000. Financially Speaking Inc purchased a new position in shares of Rolls-Royce Holdings PLC during the 3rd quarter valued at approximately $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in shares of Rolls-Royce Holdings PLC during the 3rd quarter valued at approximately $1,690,000. Finally, Dorsey Wright & Associates increased its holdings 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. 0.07% of the stock is owned by hedge funds and other institutional investors.

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.