Is Rolls-Royce Holdings a good stock to buy?

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rolls-Royce Holdings with a $6.73 average price target, a 12.73% upside from current levels. In a report released on June 10, Kepler Capital also maintained a Buy rating on the stock with a p520.00 price target.

What does Rolls Royce do?

Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense, ITP Aero, and Corporate. The Civil Aerospace segment offers commercial aero engines and aftermarket services.

How much did Rolls Royce lose in 2021?

In the aftermath, it made a net loss of £5.4 billion in 2020 and over £3.2 billion in 2021. Rolls-Royce took advantage of the pandemic to sell some of its assets like ITP Aero in a 1.7 billion euro deal. It also laid off thousands of workers and raised capital by selling shares worth about £2 billion.