Zacks Investment Research downgraded RBC Bearings Incorporated (NASDAQ:ROLL) to Sell in a report released today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded RBC Bearings Incorporated (NASDAQ:ROLL) to Sell in a report released on 10/17/2016.
Yesterday RBC Bearings Incorporated (NASDAQ:ROLL) traded -1.14% lower at $71.29. The company’s 50-day moving average is $76.11 and its 200-day moving average is $74.89. The last stock close price is down -5.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 175,310 shares of the stock were exchanged, up from an average trading volume of 95,272
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RBC Bearings Incorporated has a 52 week low of $54.38 and a 52 week high of $87.82 with a P/E ratio of 24.22 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have issued a report on the stock. The consensus target price is $75.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock 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.
General Information About 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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