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

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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