RBC Bearings Incorporated – Consensus ‘buy’ rating and 6.2% Upside Potential

Broker Ratings
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RBC Bearings Incorporated which can be found using ticker (RBC) now have 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $310.00 and $245.00 calculating the average target price we see $290.00. Given that the stocks previous close was at $273.05 this would imply there is now a potential upside of 6.2%. Also worth taking note is the 50 day moving average now sits at $259.97 and the 200 day moving average is $251.60. The market capitalization for the company is 7.81B. The stock price for the company is currently $267.56 USD

The potential market cap would be $8,292,596,852 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 44.67, revenue per share of $53.38 and a 4.46% return on assets.

RBC Bearings Incorporated is a manufacturer and marketer of engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries. The Company operates through two segments: Aerospace/Defense, and Industrial. The Company’s products include plain bearings, roller bearings, ball bearings, mounted bearings, enclosed gearing, motion control components and engineered components. Its plain bearings are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or heavy mining and construction equipment. Its roller bearings are anti-friction products that utilize cylindrical rolling elements. Its roller bearings include tapered roller bearings, needle roller bearings and needle bearing track rollers and cam followers. Its engineered products consist primarily of engineered hydraulics and valves, fasteners, precision mechanical components and machine tool collets.

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