RBC Bearings Incorporated (NASDAQ:ROLL) has been downgraded to Neutral in a statement by Seaport Global Securities earlier today.
- Updated: October 14, 2016
Seaport Global Securities has downgraded RBC Bearings Incorporated (NASDAQ:ROLL) to Neutral in a statement released on 10/14/2016.
Having a price of $73.32, RBC Bearings Incorporated (NASDAQ:ROLL) traded -0.39% lower on the day. With the last stock price down -2.49% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ROLL has recorded a 50-day average of $76.56 and a two hundred day average of $74.90. Trade Volume was down over the average, with 13,276 shares of ROLL changing hands under the typical 93,494
Recent Performance Chart
RBC Bearings Incorporated has PE ratio of 25.10 with a one year low of $54.38 and a one year high of $87.82 and has a market capitalization of $0.
A total of 7 brokerages have issued a ratings update on RBC Bearings Incorporated. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $75.00.
General Company Details For RBC Bearings Incorporated (NASDAQ:ROLL)
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products. The Company has over 40 facilities of which over 30 are manufacturing facilities in approximately five countries. The Company classifies its customers into two categories: industrial and aerospace. The Company manufactures bearings and engineered products for a range of diversified industrial markets, including construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, semiconductor machinery and the general industrial markets. The Company supplies bearings and engineered products for use in commercial, private and military aircraft and aircraft engines, guided weaponry, and vision and optical systems.
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