Regal Beloit (RBC) Earns Outperform Rating from Barrington Research

Regal Beloit (NYSE:RBC)‘s stock had its “outperform” rating reissued by investment analysts at Barrington Research in a report issued on Monday. They currently have a $87.00 target price on the industrial products company’s stock. Barrington Research’s target price points to a potential upside of 14.47% from the stock’s current price.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, January 2nd. ValuEngine upgraded Regal Beloit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $90.00 price objective on shares of Regal Beloit in a report on Tuesday, November 28th. Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $82.00 to $88.00 in a report on Wednesday, February 7th. Finally, BMO Capital Markets dropped their price objective on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $86.73.

Regal Beloit (NYSE RBC) traded up $0.85 on Monday, reaching $76.00. The company had a trading volume of 500,517 shares, compared to its average volume of 363,514. The company has a current ratio of 2.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. Regal Beloit has a fifty-two week low of $71.05 and a fifty-two week high of $87.50. The company has a market cap of $3,329.45, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.01. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The business had revenue of $820.70 million for the quarter, compared to analyst estimates of $794.65 million. During the same period last year, the company earned $1.04 EPS. Regal Beloit’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities research analysts anticipate that Regal Beloit will post 5.59 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBC. Shelton Capital Management purchased a new stake in Regal Beloit in the 2nd quarter worth approximately $277,000. State Street Corp lifted its stake in shares of Regal Beloit by 2.2% in the 2nd quarter. State Street Corp now owns 1,163,293 shares of the industrial products company’s stock valued at $94,869,000 after purchasing an additional 24,844 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Regal Beloit in the 2nd quarter valued at approximately $468,000. Ameritas Investment Partners Inc. lifted its stake in shares of Regal Beloit by 1.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,409 shares of the industrial products company’s stock valued at $1,094,000 after purchasing an additional 206 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Regal Beloit in the 2nd quarter valued at approximately $587,000. Institutional investors and hedge funds own 94.75% of the company’s stock.

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About Regal Beloit

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

Analyst Recommendations for Regal Beloit (NYSE:RBC)

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