Somewhat Favorable News Coverage Somewhat Unlikely to Impact RBC Bearings (ROLL) Share Price

23 May,2018


Media stories about RBC Bearings (NASDAQ:ROLL) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. RBC Bearings earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.0773994810645 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several analysts have recently weighed in on the stock. BidaskClub cut shares of RBC Bearings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of RBC Bearings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $141.00.

RBC Bearings opened at $123.95 on Tuesday, Marketbeat reports. RBC Bearings has a 1-year low of $94.97 and a 1-year high of $139.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.65 and a quick ratio of 1.65. The company has a market capitalization of $2.99 billion, a PE ratio of 39.10, a PEG ratio of 4.48 and a beta of 1.28.

In other news, VP Patrick S. Bannon sold 447 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $124.00, for a total value of $55,428.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas C. Crainer sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $124.92, for a total transaction of $624,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 88,089 shares of company stock valued at $11,169,950. Corporate insiders own 3.70% of the company’s stock.

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