REGAL-BELOIT CORPORATION Given Consensus Recommendation of “Buy” by Analysts (NYSE:RBC)
REGAL-BELOIT CORPORATION (NYSE:RBC) has earned a consensus rating of “Buy” from the eleven ratings firms that are covering the stock, American Banking News.com reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $80.00.
Shares of REGAL-BELOIT CORPORATION (NYSE:RBC) opened at 77.76 on Thursday. REGAL-BELOIT CORPORATION has a 52-week low of $62.93 and a 52-week high of $80.41. The stock’s 50-day moving average is $77.70 and its 200-day moving average is $74.94. The company has a market cap of $3.509 billion and a P/E ratio of 30.97.
REGAL-BELOIT CORPORATION (NYSE:RBC) last announced its earnings results on Monday, May 5th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.01. The company had revenue of $801.20 million for the quarter, compared to the consensus estimate of $794.06 million. During the same quarter last year, the company posted $1.08 earnings per share. REGAL-BELOIT CORPORATION’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that REGAL-BELOIT CORPORATION will post $4.60 earnings per share for the current fiscal year.
A number of research firms have recently commented on RBC. Analysts at KeyCorp reiterated a “buy” rating on shares of REGAL-BELOIT CORPORATION in a research note on Friday, June 20th. They now have a $88.00 price target on the stock, up previously from $82.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of REGAL-BELOIT CORPORATION in a research note on Tuesday, June 17th. They now have a $82.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of REGAL-BELOIT CORPORATION from $70.00 to $77.00 in a research note on Tuesday, May 6th. They now have a “neutral” rating on the stock.
Regal Beloit Corporation is a global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.