Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities raised their price target on shares of Regal Beloit from $64.00 to $75.00 in a research note to investors on Wednesday, February 8th. They now have an “outperform” rating on the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Regal Beloit in a research note to investors on Wednesday, February 8th.
Regal Beloit traded down 2.03% on Thursday, hitting $62.27. Regal Beloit has a 52-week low of $41.65 and a 52-week high of $73.86. The company has a market cap of $2.590 billion and a price-to-earnings ratio of 16.02.
The company last announced its quarterly results on Tuesday, May 1st. It reported $1.16 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.11 EPS by $0.05. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts expect that Regal Beloit will post $1.47 EPS next quarter.
Regal Beloit Corporation is a global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products.