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 Rolls-Royce Holding PLC from a hold rating to a buy rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $13.00.
A number of hedge funds have recently modified their holdings of RYCEY. Parametric Portfolio Associates LLC raised its holdings in Rolls-Royce Holding PLC by 8.3% during the first quarter. Parametric Portfolio Associates LLC now owns 2,192,959 shares of the aerospace company’s stock worth $25,943,000 after purchasing an additional 168,361 shares during the last quarter. Park National Corp OH acquired a new position in shares of Rolls-Royce Holding PLC in the second quarter worth $127,000. Finally, Canandaigua National Bank & Trust Co. acquired a new position in shares of Rolls-Royce Holding PLC in the second quarter worth $108,000. 0.14% of the stock is 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.
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