See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
DXP Enterprises, Inc. (DXPE) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DXP Enterprises, Inc. (DXPE) - free report >>
Image: Bigstock
Should RBC Bearings (ROLL) Be in Your Portfolio Now?
On Aug 24, 2016, Zacks Investment Research upgraded RBC Bearings Inc. to a Zacks Rank #3 (Hold) from a Zacks Rank #4 (Sell). Going by the Zacks model, companies with a Zacks Rank #3 have chances of delivering in-line performances with the broader market over the upcoming quarters.
Why the Upgrade?
RBC Bearings is boosting its revenues, benefiting from improved aerospace business and higher marine sales. The company believes that its revenues and margins in the upcoming quarters would grow with a rise in industrial products sales, driven by booming demand from the global construction and general industries. Also, RBC Bearings is expanding its product portfolio strategically in order to maintain the growth trend in revenues. Moreover, the strategic acquisition of Sargent Aerospace & Defense business is expected to support near-term revenue and margin growth.
However, a few issues continue to pose risks for the company. We believe that rising cost and expenses might prove detrimental to RBC Bearings’ profitability in the quarters ahead, if left unchecked. Extensive threats of industry rivalry also make the company prone to market-share loss risks. Even so, international businesses of the company are exposed to foreign currency translations and other geopolitical risks.
Such bearish aspects have triggered a downward revision in the Zacks Consensus Estimate for the stock over the last 60 days, for both fiscal 2017 and 2018.
RBC BEARINGS Price and Consensus
RBC BEARINGS Price and Consensus | RBC BEARINGS Quote
Stocks to Consider
Some better-ranked stocks in the industry include DXP Enterprises, Inc. (DXPE - Free Report) , Tennant Company (TNC - Free Report) and Gorman-Rupp Co. (GRC - Free Report) . All the three companies currently sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>