RBC Bearings Incorporated Upgraded to Equal Weight by Barclays Capital (ROLL)
Resource from: Daily Political Likes:265
Feb 22,2013
RBC Bearings Incorporated (NASDAQ: ROLL) was upgraded by Barclays Capital from an “underweight” rating to an “equal weight” rating in a research note issued on Thursday.
ROLL has been the subject of a number of other recent research reports. Analysts at CIBC raised their price target on shares of RBC Bearings Incorporated from $66.00 to $68.00 in a research note to investors on Tuesday. They now have a “sector outperform” rating on the stock. Separately, analysts at RBC Capital downgraded shares of RBC Bearings Incorporated from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, January 17th. They now have a $55.00 price target on the stock. Finally, analysts at William Blair downgraded shares of RBC Bearings Incorporated from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, January 17th. They now have a $55.00 price target on the stock.
RBC Bearings Incorporated traded down 0.80% on Thursday, hitting $49.49. RBC Bearings Incorporated has a 52-week low of $42.14 and a 52-week high of $54.40. The stock’s 50-day moving average is currently $51.73. The company has a market cap of $1.115 billion and a price-to-earnings ratio of 18.48.
RBC Bearings Incorporated last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.06. The company had revenue of $96.30 million for the quarter, compared to the consensus estimate of $100.61 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that RBC Bearings Incorporated will post $2.47 earnings per share for the current fiscal year.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.
(Daily Political)
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