TheStreet upgraded Regal Beloit Corp (NYSE:RBC) to Buy in a report released today.
- Updated: September 17, 2016
TheStreet has upgraded Regal Beloit Corp(NYSE:RBC) to Buy in a statement released on Thursday August 18 2016.
Only yesterday Regal Beloit Corp (NYSE:RBC) traded 1.16% lower at $63.21. The company’s 50-day moving average is $61.82 and its two hundred day average is $60.23. With the last stock close up 5.25% from the two hundred day moving average, compared to the S&P 500 Index which has fallen -0.01% over the date range. 274,567 shares of Regal Beloit Corp traded, down from ann avg. volume of 422,798.
With a market cap of $0.0, Regal Beloit Corp has a price-earnings of 18 with a one-year low of $47.77 and a one-year high of $68.45.
A total of 11 equity analysts have released a report on Regal Beloit Corp. Two firms rate the stock a strong buy, six firms rate the stock a buy, seven analyts rate the stock a hold, 0 rate the stock to underperform, and lastly 0 brokeragesrate the company as sell with a one year target price of $63.91
Brief Synopsis About 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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