Stock Rating Downgrade
The Value Trend Rating for RBC Bearings Inc (NYSE: RBC) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
RBC Bearings Inc (NYSE: RBC) stock increased 1.3% on 4/8/24. The shares closed at $269.54. However, trading volume in this advance was below average at 80% of normal. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RBC is expected to continue to be a Value Builder.
RBC Bearings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RBC Bearings has a slightly negative Appreciation Score of 38 but a very high Power Rating of 85, resulting in the High Neutral Value Trend Rating.
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