Regal Beloit Corp (NYSE:RBC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 19, 2016
Zacks Investment Research has upgraded Regal Beloit Corp(NYSE:RBC) to Hold in a statement released on 9/19/2016.
Yesterday Regal Beloit Corp (NYSE:RBC) traded 0.37% higher at $57.37. RBC’s 50-day average is $61.82 and its two hundred day moving average is $60.23. With the last close down 4.90% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. Trade volume was down over the average, with 153,409 shares of RBC changing hands under the typical 422,798 shares..
With a total market value of $0.0, Regal Beloit Corp has a one-year low of $47.77 and a one-year high of $68.45 with a P/E ratio of 18.
Also covering Regal Beloit Corp’s price target, a total of 11 analysts have released a report on Regal Beloit Corp. The consensus target stock price is $63.91 with two analysts rating the company a strong buy, six analysts rating the stock a buy, seven analyts rating the stock a hold, 0 rating the company to underperform, and lastly 0 firmsrating the company as sell.
General Company Details For Regal Beloit Corp (NYSE:RBC)
Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. The Company operates through three segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Its Commercial and Industrial Systems segment produces medium and large motors, commercial and industrial equipment, generator and custom drives and systems serving commercial heating, ventilation and air conditioning (HVAC), and power and oil and gas systems. Its Climate Solutions segment produces small motors, controls and air moving solutions serving markets, including residential and light commercial HVAC, and commercial refrigeration. Its Power Transmission Solutions segment manufactures, sells and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, and hydraulic pump drives and specialty mechanical products.
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