Regal Beloit (NYSE:RBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $85.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.02% from the stock’s current price.

According to Zacks, “Regal Beloit reported decent fourth-quarter 2017 results with adjusted earnings in line with the Zacks Consensus Estimate, on the back of modest organic growth and positive order trends. Over the years, the company has consolidated its product lines and streamlined product brands to evolve as a dynamic enterprise. In order to drive continuous improvement, Regal Beloit continues to focus on prudent investment decisions for a disciplined capital allocation, strong and flexible balance sheet position and cash flow enhancement to support dividend growth. Regal Beloit continues to focus on simplification initiatives to lower operating costs and improve margins in the future. The company expects organic growth for 2018 in low single digits with healthy demand trends. However, margin pressures, high concentration risks and adverse foreign currency translation remain headwinds. Regal Beloit has also underperformed the industry in the last three months.”

RBC has been the subject of a number of other research reports. Barrington Research reaffirmed an “outperform” rating and issued a $87.00 price target on shares of Regal Beloit in a research note on Monday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $90.00 price target on shares of Regal Beloit in a research note on Tuesday, November 28th. BMO Capital Markets dropped their price target on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Seaport Global Securities raised Regal Beloit from a “neutral” rating to a “buy” rating and raised their price target for the stock from $82.00 to $88.00 in a research note on Wednesday, February 7th. Finally, ValuEngine lowered Regal Beloit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Regal Beloit currently has a consensus rating of “Buy” and an average target price of $86.64.

Regal Beloit (NYSE RBC) traded down $1.45 during trading hours on Tuesday, hitting $74.55. The stock had a trading volume of 124,588 shares, compared to its average volume of 355,479. The stock has a market capitalization of $3,329.45, a price-to-earnings ratio of 15.73, a PEG ratio of 1.22 and a beta of 1.44. Regal Beloit has a 52-week low of $71.05 and a 52-week high of $87.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21.

Regal Beloit (NYSE:RBC) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The firm had revenue of $820.70 million during the quarter, compared to analyst estimates of $794.65 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. equities research analysts forecast that Regal Beloit will post 5.59 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of RBC. LSV Asset Management raised its holdings in Regal Beloit by 133.6% in the fourth quarter. LSV Asset Management now owns 543,660 shares of the industrial products company’s stock worth $41,644,000 after purchasing an additional 310,927 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Regal Beloit by 133.4% in the third quarter. Principal Financial Group Inc. now owns 444,149 shares of the industrial products company’s stock worth $35,088,000 after purchasing an additional 253,888 shares in the last quarter. BlackRock Inc. raised its holdings in Regal Beloit by 4.3% in the fourth quarter. BlackRock Inc. now owns 4,243,407 shares of the industrial products company’s stock worth $325,044,000 after purchasing an additional 173,534 shares in the last quarter. New Amsterdam Partners LLC NY bought a new position in Regal Beloit in the fourth quarter worth $5,520,000. Finally, Prudential Financial Inc. raised its holdings in Regal Beloit by 11.4% in the third quarter. Prudential Financial Inc. now owns 630,849 shares of the industrial products company’s stock worth $49,837,000 after purchasing an additional 64,750 shares in the last quarter. Institutional investors and hedge funds own 94.75% of the company’s stock.

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Regal Beloit Company Profile

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

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