Rockcliff Metal (NYSE:RCL) had its target price raised by Stifel Nicolaus from $134.00 to $150.00 in a report released on Wednesday morning. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Wedbush restated an outperform rating and issued a $139.00 price objective (up previously from $129.00) on shares of Rockcliff Metal in a report on Wednesday. Wells Fargo & Company restated an outperform rating and issued a $135.00 price objective (up previously from $128.00) on shares of Rockcliff Metal in a report on Monday, November 6th. SunTrust Banks, Inc. restated a buy rating and issued a $126.00 price objective on shares of Rockcliff Metal in a report on Sunday, October 15th. Argus lifted their price objective on shares of Rockcliff Metal from $135.00 to $145.00 and gave the company a buy rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research cut shares of Rockcliff Metal from a buy rating to a hold rating in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Rockcliff Metal currently has an average rating of Buy and a consensus target price of C$126.33.

Shares of Rockcliff Metal (NYSE RCL) traded down C$2.45 during mid-day trading on Wednesday, hitting C$124.22. 2,430,000 shares of the company were exchanged, compared to its average volume of 1,710,000. Rockcliff Metal has a 52-week low of C$78.77 and a 52-week high of C$133.75.

Rockcliff Metal (NYSE:RCL) last announced its quarterly earnings data on Tuesday, November 7th. The company reported C$3.49 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.43 by C$0.06. The firm had revenue of C$2.57 billion during the quarter, compared to analysts’ expectations of C$2.57 billion. Rockcliff Metal had a net margin of 16.83% and a return on equity of 15.64%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.20 earnings per share.

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In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$121.29, for a total transaction of C$2,425,800.00. Following the completion of the sale, the chief executive officer now owns 927,741 shares in the company, valued at approximately C$112,525,705.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 7,580 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of C$119.61, for a total transaction of C$906,643.80. Following the sale, the executive vice president now owns 23,493 shares of the company’s stock, valued at approximately C$2,809,997.73. The disclosure for this sale can be found here. Insiders have sold a total of 67,580 shares of company stock valued at $8,225,444 in the last 90 days.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Rockcliff Metal by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after buying an additional 673,608 shares during the last quarter. BlackRock Inc. raised its position in Rockcliff Metal by 2.5% in the 2nd quarter. BlackRock Inc. now owns 10,618,316 shares of the company’s stock valued at $1,159,838,000 after purchasing an additional 258,958 shares during the last quarter. Ameriprise Financial Inc. raised its position in Rockcliff Metal by 105.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after purchasing an additional 1,732,995 shares during the last quarter. Bank of New York Mellon Corp raised its position in Rockcliff Metal by 34.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock valued at $200,683,000 after purchasing an additional 430,521 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Rockcliff Metal by 158.3% in the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after purchasing an additional 841,498 shares during the last quarter.

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).

Analyst Recommendations for Rockcliff Metal (NYSE:RCL)

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