Rockcliff Metal (RCL) Stock Rating Reaffirmed by SunTrust Banks, Inc.
SunTrust Banks, Inc. reaffirmed their buy rating on shares of Rockcliff Metal (NYSE:RCL) in a research report sent to investors on Friday. The firm currently has a $137.00 price objective on the stock. SunTrust Banks also issued estimates for Rockcliff Metal’s Q4 2017 earnings at $1.20 EPS, FY2017 earnings at $7.40 EPS, Q1 2018 earnings at $1.37 EPS, Q2 2018 earnings at $2.08 EPS, Q3 2018 earnings at $3.74 EPS, Q4 2018 earnings at $1.38 EPS and FY2018 earnings at $8.57 EPS.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Rockcliff Metal from a hold rating to a buy rating and set a $136.00 price target on the stock in a research report on Friday, September 1st. Deutsche Bank AG boosted their price target on Rockcliff Metal from $114.00 to $118.00 and gave the stock a hold rating in a research report on Wednesday, November 8th. Stifel Nicolaus reissued a buy rating and set a $134.00 price target on shares of Rockcliff Metal in a research report on Thursday, September 7th. BidaskClub raised Rockcliff Metal from a buy rating to a strong-buy rating in a research report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) downgraded Rockcliff Metal to a sell rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Rockcliff Metal presently has an average rating of Buy and a consensus price target of C$126.33.
Shares of Rockcliff Metal (RCL) opened at C$124.22 on Friday. Rockcliff Metal has a twelve month low of C$78.77 and a twelve month high of C$133.75.
Rockcliff Metal (NYSE:RCL) last released its earnings results on Tuesday, November 7th. The company reported C$3.49 earnings per share (EPS) for the quarter, topping the 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 business had revenue of C$2.57 billion for the quarter, compared to analyst estimates of C$2.57 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. Rockcliff Metal’s revenue was up .2% on a year-over-year basis.
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In related news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of C$125.70, for a total transaction of C$2,514,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
A number of large investors have recently modified their holdings of the stock. Zeke Capital Advisors LLC acquired a new stake in Rockcliff Metal during the third quarter worth approximately $409,000. Amalgamated Bank grew its position in Rockcliff Metal by 2.2% during the third quarter. Amalgamated Bank now owns 19,703 shares of the company’s stock worth $2,336,000 after buying an additional 429 shares in the last quarter. Dai Ichi Life Insurance Company Ltd grew its position in Rockcliff Metal by 36.7% during the third quarter. Dai Ichi Life Insurance Company Ltd now owns 93,213 shares of the company’s stock worth $11,049,000 after buying an additional 25,015 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Rockcliff Metal during the third quarter worth approximately $7,169,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Rockcliff Metal by 12.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,993 shares of the company’s stock worth $1,659,000 after buying an additional 1,530 shares in the last quarter.
Rockcliff Metal Company Profile
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