Seaport Global announced RBC Bearings (NYSE:ROLL), dropping its stock price target to $73.00 today
- Updated: October 14, 2016
Just yesterday RBC Bearings (NYSE:ROLL) traded -0.39% lower at $71.45. RBC Bearings’s 50-day moving average is $76.56 and its 200-day moving average is $74.90. The last stock price is down -2.49% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 13,276 shares of ROLL traded hands, down from an average trading volume of 93,494
In a report released on 10/14/2016 Seaport Global reduced the stock price target of RBC Bearings (NYSE:ROLL) from $88.00 to $73.00 reporting a possible upside of 0.02%.
Previously on 3/21/2016, Avondale Partners released a statement about RBC Bearings (NYSE:ROLL) increased the target price from $70.00 to $80.00. At the time, this indicated a possible upside of 0.11%.
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RBC Bearings has a 52 week low of $54.38 and a 52 week high of $87.82 with a P/E ratio of 25.10 The company’s market cap is currently $0.
In addition to Seaport Global reporting its stock price target, a total of 7 brokers have issued a research note on RBC Bearings. The 12-month price target is $75.00 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About RBC Bearings (NYSE: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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