RBC Bearings Incorporated (RBC)
NYSE: RBC · IEX Real-Time Price · USD
244.32
-0.54 (-0.22%)
Apr 22, 2024, 4:00 PM EDT - Market closed
RBC Bearings Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for RBC Bearings stock have an average target of 275.86, with a low estimate of 240 and a high estimate of 309. The average target predicts an increase of 12.91% from the current stock price of 244.32.
Analyst Consensus: Buy
* Price targets were last updated on Feb 12, 2024.
Analyst Ratings
The average analyst rating for RBC Bearings stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 8 | 8 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $250 → $285 | Hold | Maintains | $250 → $285 | +16.65% | Feb 12, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $271 → $309 | Strong Buy | Maintains | $271 → $309 | +26.47% | Jan 10, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $229 → $256 | Strong Buy | Maintains | $229 → $256 | +4.78% | Dec 14, 2023 |
| B of A Securities | B of A Securities | Sell → Strong Buy Upgrades $230 → $280 | Sell → Strong Buy | Upgrades | $230 → $280 | +14.60% | Nov 29, 2023 |
| Wells Fargo | Wells Fargo | Hold Maintains $235 → $240 | Hold | Maintains | $235 → $240 | -1.77% | Nov 13, 2023 |
Financial Forecast
Revenue This Year
1.58B
from 1.47B
Increased by 7.26%
Revenue Next Year
1.67B
from 1.58B
Increased by 5.90%
EPS This Year
8.64
from 4.94
Increased by 74.93%
EPS Next Year
9.64
from 8.64
Increased by 11.54%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 1.6B | 1.8B | 1.9B |
| Avg | 1.6B | 1.7B | 1.8B |
| Low | 1.5B | 1.6B | 1.7B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 11.8% | 11.0% | 10.8% |
| Avg | 7.3% | 5.9% | 6.1% |
| Low | 3.8% | 1.7% | 2.5% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 9.08 | 10.50 | 11.81 |
| Avg | 8.64 | 9.64 | 10.53 |
| Low | 8.28 | 8.77 | 9.41 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 83.9% | 21.5% | 22.6% |
| Avg | 74.9% | 11.5% | 9.2% |
| Low | 67.6% | 1.5% | -2.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.