Regal Beloit (RBC) Receives a Buy from Oppenheimer


Oppenheimer analyst Christopher Glynn maintained a Buy rating on Regal Beloit (RBC) today. The company’s shares closed on Friday at $75.49.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 7.9% and a 60.7% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.

Regal Beloit has an analyst consensus of Strong Buy, with a price target consensus of $94.25.

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Regal Beloit’s market cap is currently $3.28B and has a P/E ratio of 14.13. The company has a Price to Book ratio of 1.42.

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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.

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