Rockcliff Metal (NYSE:RCL) had its target price hoisted by Buckingham Research from $149.00 to $155.00 in a research report report published on Wednesday morning. They currently have a buy rating on the stock.
RCL has been the subject of a number of other reports. Stifel Nicolaus upped their price target on Rockcliff Metal from $134.00 to $150.00 and gave the stock a buy rating in a report on Wednesday. Wedbush reiterated an outperform rating and set a $139.00 price target (up from $129.00) on shares of Rockcliff Metal in a report on Wednesday. Wells Fargo & Company reiterated an outperform rating and set a $135.00 price target (up from $128.00) on shares of Rockcliff Metal in a report on Monday, November 6th. SunTrust Banks, Inc. reiterated a buy rating and set a $126.00 price target on shares of Rockcliff Metal in a report on Sunday, October 15th. Finally, Argus upped their price target on Rockcliff Metal from $135.00 to $145.00 and gave the stock a buy rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Rockcliff Metal has an average rating of Buy and an average target price of C$126.33.
Rockcliff Metal (RCL) traded down C$2.45 on Wednesday, reaching C$124.22. The company had a trading volume of 2,430,000 shares, compared to its average volume of 1,710,000. Rockcliff Metal has a 12-month low of C$78.77 and a 12-month high of C$133.75.
Rockcliff Metal (NYSE:RCL) last posted its earnings results on Tuesday, November 7th. The company reported C$3.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$3.43 by C$0.06. Rockcliff Metal had a return on equity of 15.64% and a net margin of 16.83%. The firm had revenue of C$2.57 billion during the quarter, compared to analyst estimates of C$2.57 billion. During the same period in the previous year, the company earned $3.20 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis.
In other Rockcliff Metal news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of C$121.29, for a total value of C$2,425,800.00. Following the sale, the chief executive officer now directly owns 927,741 shares in the company, valued at C$112,525,705.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Harri U. Kulovaara sold 7,580 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$119.61, for a total value of C$906,643.80. Following the completion of the sale, the executive vice president now owns 23,493 shares in the company, valued at C$2,809,997.73. The disclosure for this sale can be found here. Insiders sold 67,580 shares of company stock worth $8,225,444 over the last quarter.
A number of large investors have recently made changes to their positions in RCL. Ameriprise Financial Inc. grew its position in Rockcliff Metal by 105.3% in the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after acquiring an additional 1,732,995 shares during the period. American Century Companies Inc. grew its position in Rockcliff Metal by 158.3% in the third quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after acquiring an additional 841,498 shares during the period. Vanguard Group Inc. grew its position in Rockcliff Metal by 4.1% in the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after acquiring an additional 673,608 shares during the period. PNC Financial Services Group Inc. grew its position in Rockcliff Metal by 1,754.5% in the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock valued at $74,756,000 after acquiring an additional 647,483 shares during the period. Finally, Capital Growth Management LP bought a new stake in Rockcliff Metal in the second quarter valued at $61,933,000.
Rockcliff Metal Company Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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