StockNews.com Initiates Coverage on RBC Bearings (NASDAQ:ROLL)

Analysts at StockNews.com assumed coverage on shares of RBC Bearings (NASDAQ:ROLL) in a report issued on Friday. The brokerage set a “hold” rating on the stock.

RBC Bearings Trading Down 0.5 %

Shares of NASDAQ:ROLL opened at $269.78 on Friday. RBC Bearings has a 12 month low of $152.90 and a 12 month high of $264.94. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 130.96 and a beta of 1.34. The company has a 50-day moving average price of $272.08 and a 200-day moving average price of $269.51.

RBC Bearings Company Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.