Why RBC Bearings Incorporated (NASDAQ:ROLL) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $84.60 on RBC Bearings Incorporated (NASDAQ:ROLL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.34 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of RBC Bearings Incorporated (NASDAQ:ROLL) stands at 26.74.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For RBC Bearings Incorporated, the PEG ratio for coming 3-5 years is 2.11.

Technical Analysis

The technical analysis highlights that RBC Bearings Incorporated current is trading $2.63 points away or +3.50% from its 50-day moving average of $75.17. Further it is trading $6.41 or +8.98% away its 200-day moving average of $71.39.

The 52-week high of RBC Bearings Incorporated (NASDAQ:ROLL) was $87.82 while lowest point recorded in 52-week was $54.38. It implies if stock price makes a movement of over $-10.02, it will record a new 52-week high. In the case of +43.07% drop, it will touch a new 52-week low.

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