At the time of writing, RBC Bearings Inc [RBC] stock is trading at $367.29, up 5.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RBC shares have gain 17.25% over the last week, with a monthly amount glided 22.78%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
RBC Bearings Inc [NYSE: RBC] stock has seen the most recent analyst activity on November 22, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $375 for it. Previously, BofA Securities downgraded its rating to Neutral on November 21, 2024, and elevated its price target to $335. On June 28, 2024, Raymond James initiated with a Mkt Perform rating. BofA Securities upgraded its rating to a Buy and raised its price target to $280 on November 29, 2023. Alembic Global Advisors upgraded its rating to Overweight for this stock on August 09, 2023, but kept the price target unchanged to $267. In a note dated January 10, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $269 to $220.
For the past year, the stock price of RBC Bearings Inc fluctuated between $240.36 and $364.96. Currently, Wall Street analysts expect the stock to reach $360 within the next 12 months. RBC Bearings Inc [NYSE: RBC] shares were valued at $367.29 at the most recent close of the market. An investor can expect a potential drop of -1.98% based on the average RBC price forecast.
Analyzing the RBC fundamentals
According to RBC Bearings Inc [NYSE:RBC], the company’s sales were 1.61B for trailing twelve months, which represents an 5.48% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 351.44 points at the first support level, and at 335.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 377.07, and for the 2nd resistance point, it is at 386.85.
Ratios To Look Out For
It is important to note that RBC Bearings Inc [NYSE:RBC] has a current ratio of 3.43. Also, the Quick Ratio is 1.18, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 7.16, the price to book ratio is 3.93 and price to earnings (TTM) ratio is 50.39.
Transactions by insiders
Recent insider trading involved Feeney John J., Vice President and Secretary, that happened on Nov 26 ’24 when 304.0 shares were sold. Officer, Feeney John J. completed a deal on Nov 26 ’24 to buy 304.0 shares. Meanwhile, Vice President and COO BERGERON DANIEL A sold 17500.0 shares on Nov 11 ’24.
