Regal Beloit (NYSE:RBC)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research report issued on Monday, Marketbeat Ratings reports. They currently have a $87.00 price objective on the industrial products company’s stock. Barrington Research’s price target would indicate a potential upside of 16.86% from the stock’s previous close. Barrington Research also issued estimates for Regal Beloit’s FY2018 earnings at $5.54 EPS, Q1 2019 earnings at $1.31 EPS, Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.50 EPS and FY2019 earnings at $5.94 EPS.

A number of other research firms also recently commented on RBC. Royal Bank of Canada reiterated a “buy” rating on shares of Regal Beloit in a research note on Monday, November 6th. Zacks Investment Research downgraded Regal Beloit from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine upgraded Regal Beloit from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. BMO Capital Markets decreased their target price 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. Finally, Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $88.00 in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $86.64.

Regal Beloit (RBC) opened at $74.45 on Monday. The company has a market capitalization of $3,329.45, a PE ratio of 15.71, a P/E/G 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 quick ratio of 1.15, a current ratio of 2.21 and a debt-to-equity ratio of 0.44.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Regal Beloit by 1.0% during the third quarter. Ameriprise Financial Inc. now owns 256,679 shares of the industrial products company’s stock worth $20,279,000 after buying an additional 2,447 shares during the period. AXA boosted its position in shares of Regal Beloit by 7.6% during the third quarter. AXA now owns 110,400 shares of the industrial products company’s stock worth $8,722,000 after buying an additional 7,770 shares during the period. Wells Fargo & Company MN boosted its position in shares of Regal Beloit by 28.3% during the third quarter. Wells Fargo & Company MN now owns 76,323 shares of the industrial products company’s stock worth $6,029,000 after buying an additional 16,858 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Regal Beloit by 13.5% during the third quarter. Russell Investments Group Ltd. now owns 41,132 shares of the industrial products company’s stock worth $3,250,000 after buying an additional 4,894 shares during the period. Finally, Profit Investment Management LLC boosted its position in shares of Regal Beloit by 64.0% during the third quarter. Profit Investment Management LLC now owns 21,104 shares of the industrial products company’s stock worth $1,667,000 after buying an additional 8,234 shares during the period. 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.

Analyst Recommendations for Regal Beloit (NYSE:RBC)

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