Breaking: Regal Beloit (NYSE:RBC) “Market Perform” Rating Reconfirmed by Analysts at BMO Capital Today; The PT Given is $92

August 9, 2018 - By Billy Entrekin

Regal Beloit Corporation (NYSE:RBC) Logo

Investors sentiment decreased to 1.18 in 2018 Q1. Its down 0.30, from 1.48 in 2017Q4. It dropped, as 24 investors sold Regal Beloit Corporation shares while 80 reduced holdings. 30 funds opened positions while 93 raised stakes. 40.56 million shares or 2.12% less from 41.43 million shares in 2017Q4 were reported.

Chicago Equity Prtnrs Limited Company owns 19,660 shares or 0.05% of their US portfolio. Proshare Advsr Ltd holds 0% or 4,062 shares. Shelton Capital Mgmt accumulated 0.01% or 3,089 shares. Millennium Mngmt Limited Liability Corporation holds 0.01% of its portfolio in Regal Beloit Corporation (NYSE:RBC) for 145,570 shares. Verity Asset Management holds 0.19% or 2,848 shares. Plante Moran Advsrs Ltd Liability owns 0% invested in Regal Beloit Corporation (NYSE:RBC) for 30 shares. Moreover, Citadel Advsr Lc has 0% invested in Regal Beloit Corporation (NYSE:RBC) for 6,730 shares. Nuveen Asset Mgmt Limited Liability Corporation invested 0.26% of its portfolio in Regal Beloit Corporation (NYSE:RBC). Advantus owns 5,456 shares or 0.01% of their US portfolio. Panagora Asset Management has invested 0.04% of its portfolio in Regal Beloit Corporation (NYSE:RBC). Savant Cap Ltd Liability Company holds 0.16% of its portfolio in Regal Beloit Corporation (NYSE:RBC) for 10,219 shares. State Treasurer State Of Michigan reported 0.01% in Regal Beloit Corporation (NYSE:RBC). Ameriprise holds 244,240 shares or 0.01% of its portfolio. Eaton Vance Mgmt accumulated 37,200 shares or 0.01% of the stock. Raymond James & invested 0% in Regal Beloit Corporation (NYSE:RBC).

Regal Beloit (NYSE:RBC) Rating Reaffirmed

BMO Capital now has a $92 target price on shares of Regal Beloit (NYSE:RBC). The target price gives a potential upside of 12.06 % from the previous close of Regal Beloit (NYSE:RBC). This rating was revealed in a note on 8 August.

Regal Beloit Corporation (NYSE:RBC) Ratings Coverage

Among 5 analysts covering Regal Beloit Corp (NYSE:RBC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Regal Beloit Corp has $92 highest and $7600 lowest target. $85.40’s average target is 4.02% above currents $82.1 stock price. Regal Beloit Corp had 5 analyst reports since February 15, 2018 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Thursday, March 29. Oppenheimer maintained the shares of RBC in report on Tuesday, March 27 with “Buy” rating. Stifel Nicolaus maintained Regal Beloit Corporation (NYSE:RBC) rating on Tuesday, April 3. Stifel Nicolaus has “Hold” rating and $7600 target. The stock of Regal Beloit Corporation (NYSE:RBC) earned “Market Perform” rating by BMO Capital Markets on Wednesday, August 8.

The stock increased 0.06% or $0.05 during the last trading session, reaching $82.1. About 18,354 shares traded. Regal Beloit Corporation (NYSE:RBC) has risen 1.64% since August 9, 2017 and is uptrending. It has underperformed by 10.93% the S&P500.

Regal Beloit Corporation, together with its subsidiaries, designs, makes, and sells electric motors, electrical motion controls, power generation and power transmission products worldwide. The company has market cap of $3.61 billion. The Company’s Commercial and Industrial Systems segment provides AC and DC motors, and controls; motors, electronic variable speed controls, and blowers; and starters, contactors, relays, variable frequency drives, and integrated solutions of components. It has a 15.35 P/E ratio. This segment also offers precision stator and rotor kits; hazardous duty motors; and electric generators, automatic transfer switches, power generation and distribution switch gears, and components and system controls.

More news for Regal Beloit Corporation (NYSE:RBC) were recently published by: Benzinga.com, which released: “10 Stocks To Watch For August 6, 2018” on August 06, 2018. Benzinga.com‘s article titled: “Earnings Scheduled For August 6, 2018” and published on August 06, 2018 is yet another important article.

Regal Beloit Corporation (NYSE:RBC) Institutional Positions Chart

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