REGAL-BELOIT CORPORATION Given Average Recommendation of “Buy” by Brokerages (NYSE:RBC)
Shares of REGAL-BELOIT CORPORATION (NYSE:RBC) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the company, American Banking News.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation 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 77.01 on Thursday. REGAL-BELOIT CORPORATION has a 1-year low of $62.93 and a 1-year high of $80.41. The stock’s 50-day moving average is $77.84 and its 200-day moving average is $74.98. The company has a market cap of $3.475 billion and a P/E ratio of 30.55.
REGAL-BELOIT CORPORATION (NYSE:RBC) last released its earnings data on Monday, May 5th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that REGAL-BELOIT CORPORATION will post $4.59 EPS 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.
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