RBC Bearings Stock Rating Lowered by Sidoti (ROLL)
RBC Bearings (NASDAQ:ROLL) was downgraded by investment analysts at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of RBC Bearings (NASDAQ:ROLL) traded down 0.33% during mid-day trading on Tuesday, hitting $65.67. The stock had a trading volume of 13,774 shares. RBC Bearings has a 52 week low of $42.14 and a 52 week high of $67.32. The stock has a 50-day moving average of $61.34 and a 200-day moving average of $53.74. The company has a market cap of $1.496 billion and a price-to-earnings ratio of 27.90.
RBC Bearings (NASDAQ:ROLL) last released its earnings data on Tuesday, August 6th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.01. The company had revenue of $102.70 million for the quarter, compared to the consensus estimate of $104.89 million. During the same quarter last year, the company posted $0.62 earnings per share. RBC Bearings’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that RBC Bearings will post $2.76 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of RBC Bearings (NASDAQ:ROLL) in a research note to investors on Monday, August 26th. They now have a $63.00 price target on the stock. Separately, analysts at Global Hunter Securities upgraded shares of RBC Bearings (NASDAQ:ROLL) from a “neutral” rating to an “accumulate” rating in a research note to investors on Wednesday, August 7th. They now have a $65.00 price target on the stock, up previously from $44.00. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.80.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.
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