The analysts wrote, ?We are downgrading the shares of RBC to Perform from Outperform, as we believe risk/reward has moved into balance. We note 2012 revenues likely end the year down about 8% organically (estimate up 11-12% reported) creating potential comparison tailwinds, continued progress on the EPC integration, RBC?s expected outgrowth in many end markets (via new products, portfolio integration), and potential China recovery. However, competition remains active (perhaps especially in residential HVAC markets), China recovery could drive commodities inflation, and simplification strategies could take time, which could all conspire to pressure progress towards longer-term margin targets.? RBC has been the subject of a number of other recent research reports. Analysts at Robert W. Baird raised their price target on shares of Regal Beloit from $77.00 to $80.00 in a research note to investors on Friday, December 14th. They now have an ?outperform? rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Regal Beloit from $77.00 to $74.00 in a research note to investors on Wednesday, December 5th. They now have a ?hold? rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Regal Beloit from $73.00 to $80.00 in a research note to investors on Wednesday, December 5th. They now have an ?outperform? rating on the stock. Regal Beloit traded down 0.99% on Thursday, hitting $73.30. Regal Beloit has a 1-year low of $55.54 and a 1-year high of $75.60. The stock?s 50-day moving average is currently $70.69. The company has a market cap of $3.060 billion and a price-to-earnings ratio of 15.62.
Regal Beloit last announced its earnings results on Monday, October 29th. The company reported $1.32 earnings per share for the quarter, missing the analysts? consensus estimate of $1.38 by $0.06. The company had revenue of $779.50 million for the quarter, compared to the consensus estimate of $838.70 million. Regal Beloit?s revenue was up 5.8% compared to the same quarter last year. Regal Beloit has set its Q4 guidance at $0.67-0.75 EPS. On average, analysts predict that Regal Beloit will post $4.71 earnings per share for the current fiscal year.
Regal Beloit Corporation is a global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products.