RBC Bearings Incorporated Share Price Target ‘$278.14’, now 1.1% Upside Potential

Broker Ratings
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RBC Bearings Incorporated with ticker code (RBC) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $310.00 and $250.00 calculating the average target share price we see $278.14. (at the time of writing). Given that the stocks previous close was at $275.02 this would indicate that there is a potential upside of 1.1%. The 50 day moving average now sits at $267.22 while the 200 day moving average is $234.40. The market cap for the company is 7.98B. The stock price for the company is currently $274.35 USD

The potential market cap would be $8,069,993,953 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 48.56, revenue per share of $52.66 and a 4.4% 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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