Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Given Consensus Rating of “Moderate Buy” by Analysts

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

RYCEY has been the subject of a number of research reports. BNP Paribas Exane assumed coverage on shares of Rolls-Royce Holdings PLC in a report on Friday. They issued an “outperform” rating for the company. Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st.

Rolls-Royce Holdings PLC Price Performance

Shares of Rolls-Royce Holdings PLC stock traded up $0.30 during midday trading on Friday, hitting $18.03. The company had a trading volume of 599,436 shares, compared to its average volume of 3,868,065. Rolls-Royce Holdings PLC has a 1-year low of $11.56 and a 1-year high of $18.98. The business’s 50 day simple moving average is $16.30 and its two-hundred day simple moving average is $16.30. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Several institutional investors and hedge funds have recently added to or reduced their stakes in RYCEY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Rolls-Royce Holdings PLC in the 4th quarter valued at approximately $33,000. Kelleher Financial Advisors acquired a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter worth approximately $37,000. PNC Financial Services Group Inc. grew its holdings in shares of Rolls-Royce Holdings PLC by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 1,658 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of Rolls-Royce Holdings PLC during the first quarter valued at approximately $350,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Rolls-Royce Holdings PLC during the fourth quarter valued at approximately $367,000. 0.07% of the stock is currently owned by institutional investors.

About Rolls-Royce Holdings PLC

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.