Barrington Upgrades Regal-Beloit to "Outperform" (RBC)

Barrington Upgrades Regal-Beloit to “Outperform” (RBC)


Due to its diverse portfolio and net sales growth, analysts at Barrington Research upgraded electrical and mechanical products maker Regal-Beloit Corporation (RBC) on Wednesday.

The analysts upgraded RBC from “Market Perform” to “Outperform” and see shares reaching $75. This price target suggests a 19% upside to the stock’s Tuesday closing price of $62.85.

A Barrington Research analyst noted, “We are raising our investment rating on Regal-Beloit Corp. to an OUTPERFORM from a MARKET PERFORM. We are establishing a price target of $75 in the next 12 months based on P/E and TEV/EBITDA metrics. While subject to cyclicality, their portfolio is diverse between early, mid and late times in an economic cycle. RBC has been a successful acquirer of businesses that can improve margins and Regal’s geographic footprint. Growth of net sales has averaged about 12% CAGR since 2005 and we expect it to continue, if not accelerate, as the global marketplace is demanding more energy-efficient products from the markets that RBC serves.”

Regal-Beloit shares were up 32 cents, or 0.51%, during morning trading on Wednesday. The stock is down 10.4% year-to-date.

The Bottom Line
Shares of Regal-Beloit Corp (RBC) have a dividend yield of 1.26% based on Wednesday’s intraday trading price of $63.68 and the company’s annualized dividend payout of 80 cents per share.

Regal-Beloit Corporation (RBC) is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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