In a report released today, Scott Graham from BMO Capital reiterated a Hold rating on Regal Beloit (NYSE: RBC), with a price target of $92. The company’s shares opened today at $82.05.
According to TipRanks.com, Graham is a 4-star analyst with an average return of 8.5% and a 64.4% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Altra Holdings, and Flowserve Corp.
Regal Beloit has an analyst consensus of Moderate Buy, with a price target consensus of $88.60.
See today’s analyst top recommended stocks >>
Based on Regal Beloit’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $65.9 million. In comparison, last year the company had a net profit of $53 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Regal Beloit Corp. engages in the manufacture of electric motors, electrical motion controls, power generation, and power transmission products. It operates through the following segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.
