Recently, shares of RBC Bearings Inc (Symbol: RBC) have crossed the average analyst target price of $333.50, currently trading at $335.42 per share. When a stock price meets an analyst’s target, they typically have two options: either adjust their target upward or downgrade the stock based on its valuation. Depending on positive developments within the company, it may be a crucial moment for analysts to consider revising their estimates.
Diverse Analyst Opinions on RBC Bearings Targets
Within the Zacks coverage universe, there are six different analyst target prices for RBC Bearings Inc. This average target serves as a collective insight from various analysts instead of reflecting just one expert’s view. Currently, while some analysts project a lower target of $276.00, others have set lofty expectations as high as $375.00, leading to a standard deviation of $32.315.
Analyzing Analyst Ratings to Make Informed Decisions
The rise of RBC shares above the average target price of $333.50 signals investors to reevaluate the company’s potential. The big question for investors becomes whether $333.50 is a temporary visiting point on the way to even higher prices or if it indicates that the stock’s valuation has become inflated, suggesting it’s time to consider selling some shares. Below is a summary of the current analyst ratings for RBC Bearings Inc:
| Recent RBC Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 4 | 4 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.86 | 1.86 | 1.86 | 1.86 |
The average rating scale ranges from 1 (Strong Buy) to 5 (Strong Sell). This information is based on data provided by Zacks Investment Research via Quandl.com. For an in-depth analysis, read the latest Zacks research report on RBC — it’s free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
