In the preceding three months, 5 analysts have released ratings for RBC Bearings (NYSE:RBC), presenting a wide array of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for RBC Bearings, presenting an average target of $305.0, a high estimate of $330.00, and a low estimate of $276.00. This upward trend is evident, with the current average reflecting a 6.12% increase from the previous average price target of $287.40.
Investigating Analyst Ratings: An Elaborate Study
The standing of RBC Bearings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Ciarmoli | Truist Securities | Lowers | Buy | $315.00 | $328.00 |
| Joe Ritchie | Goldman Sachs | Raises | Neutral | $276.00 | $245.00 |
| Kristine Liwag | Morgan Stanley | Raises | Overweight | $330.00 | $310.00 |
| Joe Ritchie | Goldman Sachs | Raises | Neutral | $276.00 | $245.00 |
| Michael Ciarmoli | Truist Securities | Raises | Buy | $328.00 | $309.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to RBC Bearings. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of RBC Bearings compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of RBC Bearings's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into RBC Bearings's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on RBC Bearings analyst ratings.
Unveiling the Story Behind RBC Bearings
RBC Bearings Inc is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The end market is the United States of America. The company has two reportable segments: Aerospace Defense segment represents the end markets for the company's highly engineered bearings and precision components used in commercial aerospace, defense aerospace, and sea and ground defense applications; and Industrial segment represents the end markets for the company's engineered bearings and precision components used in various industrial applications. It derives maximum revenue from Industrial Segment.
RBC Bearings's Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: RBC Bearings's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 4.89%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: RBC Bearings's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.51% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.05%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): RBC Bearings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.19%, the company may face hurdles in achieving optimal financial performance.
Debt Management: RBC Bearings's debt-to-equity ratio is below the industry average at 0.47, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.