Robert W. Baird Stick to Their Buy Rating for Regal Beloit Corp
Investing.com
Published Sep 23, 2021 04:37AM ET
Robert W. Baird analyst Michael Halloran maintained a Buy rating on Regal Beloit (NYSE:RBC) Corp on Tuesday, setting a price target of $202, which is approximately 44.46% above the present share price of $139.83.
Halloran expects Regal Beloit Corp to post earnings per share (EPS) of $1.96 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Regal Beloit, with an average price target of $189.
The analysts price targets range from a high of $202 to a low of $180.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $886.9 million and a net profit of $111.3 million. The company's market cap is $5.69 billion.
According to TipRanks.com, Robert W. Baird analyst Michael Halloran is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.0% and a 66.96% success rate.
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. The Commercial and Industrial Systems produces medium and large motors, commercial and industrial equipment, generator, and custom drives and systems. The Climate Solutions segment offers small motors, controls, and air moving solutions serving markets including residential and light commercial HVAC, water heaters and commercial refrigeration. The Power Transmission Solutions segment manufactures, sells, and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives, large open gearing, and specialty mechanical products serving markets including beverage, bulk handling, metals, special machinery, energy, aerospace, and general industrial. The company was founded in 1955 and is headquartered in Beloit, WI.
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