Seaport Global disclosed Regal Beloit Corporation (NYSE:RBC), bumping down its price target to $64.00 earlier today
- Updated: September 27, 2016
Reporting a potential upside of 0.12%, Seaport Global dropped the price target of Regal Beloit Corporation (NYSE:RBC) to $64.00
Having a price of $57.26, Regal Beloit Corporation (NYSE:RBC) traded -1.82% lower on the day. With the last close down -5.22% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RBC has recorded a 50-day average of $60.96 and a two hundred day average of $60.26. Trade Volume was down over the average, with 22,119 shares of RBC changing hands under the typical 333,759
Recent Performance Chart
Regal Beloit Corporation has PE ratio of 18.02 with a one year low of $47.77 and a one year high of $68.45 and has a market capitalization of $0.
A total of 11 analysts have released a report on Regal Beloit Corporation. Two analysts rating the company a strong buy, six analysts rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $63.91.
General Company Details For Regal Beloit Corporation (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, hydraulic pump drives and specialty mechanical products.
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