RBC Bearings (Nasdaq:ROLL) hit a new 52-week high Tuesday as it changed hands at $40.11 compared with its previous 52-week high of $40. RBC Bearings is currently trading at $40.01 with 35,852 shares changing hands as of 12:22 p.m.
NEW YORK ( TheStreet) -- RBC Bearings (Nasdaq: ROLL) hit a new 52-week high Tuesday as it traded at $40.11 compared with its previous 52-Week high of $40. RBC Bearings is changing hands at $40.01 with 35,852 shares traded as of 12:22 p.m. ET. Average volume has been 81,900 shares over the past 30 days. RBC Bearings has a market cap of $857.8 million and is part of the industrial goods sector and industrial industry. Shares are up 0.7% year to date as of the close of trading on Monday. RBC Bearings Incorporated manufactures and markets engineered precision plain, roller, and ball bearings. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Others. The company has a P/E ratio of 24.6, below the average industrial industry P/E ratio of 24.8 and above the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates RBC Bearings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full RBC Bearings Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
Bank of America upgraded RBC Bearings (ROLL) to "buy" from "neutral" and set a $75 target price. The firm noted aerospace and defense demand remains strong and the worst of the industrial business is likely already behind the company.