Rolls-Royce says compressor issue found in different Trent 1000 engine

Rolls-Royce jet engine

The brokerage now has a buy rating on the stock.

A number of analysts recently weighed in on the stock.

Shares of Rolls-Royce Holdings plc (LON:RR) have received an average rating of "Hold" from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports.

Fisher Asset Management LLC lowered its position in Rolls-Royce Holdings plc (OTCMKTS:RYCEY) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The company's stock had a trading volume of 26,357 shares, compared to its average volume of 44,246.

Rolls-Royce (OTCMKTS:RYCEY) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research note issued on Wednesday, May 23rd.

"One is that it demonstrates the company's commitment to engineering and support excellence". Morgan Stanley reduced their price objective on shares of Rolls-Royce from GBX 920 ($12.25) to GBX 900 ($11.98) and set an "equal weight" rating on the stock in a research note on Friday. Credit Suisse Group reduced their price objective on shares of Rolls-Royce from GBX 785 ($10.45) to GBX 780 ($10.38) and set an "underperform" rating on the stock in a research note on Monday, June 4th. Rolls-Royce Holding PLC now has an average rating of Hold and an average price target of GBX 634.80 ($7.92). Rolls-Royce has a one year low of GBX 733.50 ($9.84) and a one year high of GBX 994.50 ($13.34). Over the last three months, insiders have purchased 681 shares of company stock worth $443,723. Institutional investors own 0.11% of the company's stock. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses. According to Rolls some 380 package C engines were in service while there were 166 package B engines in service.

Some aircraft powered by Trent 1000 engines have been grounded, leading to flight cancellations and forcing airlines such as Virgin Atlantic to lease other aircraft.

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