Shares of RBC Bearings Incorporated (NYSE:RBC – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two 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 price objective among brokerages that have covered the stock in the last year is $275.86.
RBC has been the subject of a number of research analyst reports. Bank of America upgraded shares of RBC Bearings from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $230.00 to $280.00 in a research note on Wednesday, November 29th. The Goldman Sachs Group lifted their price target on shares of RBC Bearings from $229.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Truist Financial lifted their price target on shares of RBC Bearings from $271.00 to $309.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Citigroup boosted their target price on shares of RBC Bearings from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of RBC Bearings from $235.00 to $240.00 and gave the company an “equal weight” rating in a research report on Monday, November 13th.
Insiders Place Their Bets
Institutional Investors Weigh In On RBC Bearings
A number of hedge funds have recently bought and sold shares of the business. Principal Securities Inc. purchased a new stake in shares of RBC Bearings in the fourth quarter valued at $30,000. First Capital Advisors Group LLC. bought a new position in RBC Bearings during the 2nd quarter worth about $26,000. LWM Advisory Services LLC bought a new position in RBC Bearings during the 3rd quarter worth about $31,000. Compass Wealth Management LLC bought a new position in RBC Bearings during the 1st quarter worth about $34,000. Finally, Stephens Inc. AR bought a new position in RBC Bearings during the 1st quarter worth about $36,000.
RBC Bearings Stock Up 0.9 %
Shares of RBC Bearings stock opened at $268.50 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.12 and a current ratio of 3.28. The stock has a market capitalization of $7.83 billion, a PE ratio of 44.90, a price-to-earnings-growth ratio of 5.57 and a beta of 1.46. RBC Bearings has a 52-week low of $195.18 and a 52-week high of $288.16. The company has a 50-day simple moving average of $272.97 and a two-hundred day simple moving average of $246.44.
About RBC Bearings
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.
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