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RBC Bearings Incorporated (NASDAQ:ROLL): What is the Sell-Side Saying?
31 Jan,2018
Wall Street analysts have the ability to provide stock ratings for companies that they track. Based on analysts used by Zacks Research, the present average broker rating on shares of RBC Bearings Incorporated (NASDAQ:ROLL) is currently 1.83. This mean rating includes analysts who have offered Sell, Buy and Hold ratings on the equity. This rating lands on a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing ratings, 4 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.
Traders often prefer to focus on stocks that are higher in volatility. Higher volatility brings more opportunity for quick profits, but it can also bring quick losses. Traders will typically try to understand recent stock activity in order to make the most out of the price action. Seeing how a certain stock has traded previously may allow traders to project which way shares will move in the near future. It is highly important for active traders to know the risk involved with trying to capitalize on shorter-term price movements. Adept traders are generally able to focus on the bigger picture and not let one or two bad trades get them down. Developing confidence to trade in the stock market may take substantial time and effort. Defining long term and short term goals to help keep the focus intact may help traders secure profits.
Zooming in on recent stock price action for RBC Bearings Incorporated (NASDAQ:ROLL), we note that shares are trading near the 127.85 level. Investors will often follow stock price levels in relation to the 52-week high and low levels. The 52-week high is presently 133.45, and the 52-week low is sitting at 89.47. When a stock price is getting close to either the 52-week high or 52-week low, investors may track activity to watch for a move past the established mark. Over the last 12 weeks, shares have seen a change of 5.03%. Heading further back to the start of the year, we note that shares have seen a change of 1.15%. Focusing in closer to the last 4 weeks, shares have seen a change of 1.15%. Over the past five trading days, the stock has changed -0.41%.
Sell-side Wall Street analysts will commonly offer stock price target estimates. Many investors pay close attention to where the analysts project the stock moving in the future. After a recent scan, we can see that analysts polled by Zacks Research have set a consensus price target of $126.67 on shares of RBC Bearings Incorporated (NASDAQ:ROLL). Price target estimates can be calculated using various methods, and they may be quite different depending on the individual analyst. A fully researched analyst report will generally provide detailed reasoning for a specific target price prediction. Some investors may track analyst targets very closely and use the information to complement their own stock research.
Taking a quick look at the current quarter EPS consensus estimate for RBC Bearings Incorporated (NASDAQ:ROLL), we can see that the most recent level is sitting at 1.14. This EPS projection uses 1 Sell-Side analysts polled by Zacks Research. For the previous reported quarter, the company posted a quarterly EPS of 0.83. Covering analysts have the tough job of following companies and offering future estimates. These estimates are often closely followed on the Street, and earnings beats or misses revolve around these projections. Sometimes these predictions are extremely close to the actual reported number, and other times they may be way off. When a company posts actual earnings numbers, the surprise factor can lead to sudden stock price fluctuations. If a company meets and beats estimates and posts a positive earnings surprise, the stock may see a near-term bump. On the other end, a negative surprise may send the stock in the opposite direction. Many investors will choose to trade with caution around earnings releases and wait to make a move until after the major activity has subsided.