Truist has revised its price target for RBC Bearings (RBC, Financial), reducing it from $410 to $375, while maintaining a Buy rating on the stock. This adjustment comes as part of a larger assessment in anticipation of the upcoming Q1 earnings reports within the Aerospace & Defense sector.
Heading into the earnings season, the sector faces several uncertainties, including potential tariff impacts and recessionary concerns. These factors are expected to affect companies within this cyclically-sensitive industry, possibly limiting the clarity provided by management regarding future outlooks, particularly for 2025.
Truist suggests that investors might find the defense segment to be a safer bet due to its more stable and predictable nature. Recent positive developments in defense spending are likely to further strengthen this sector, offering a buffer against the volatility anticipated in other areas of Aerospace & Defense.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for RBC Bearings Inc (RBC, Financial) is $388.00 with a high estimate of $410.00 and a low estimate of $355.00. The average target implies an upside of 21.26% from the current price of $319.97. More detailed estimate data can be found on the RBC Bearings Inc (RBC) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, RBC Bearings Inc's (RBC, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for RBC Bearings Inc (RBC, Financial) in one year is $297.94, suggesting a downside of 6.89% from the current price of $319.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the RBC Bearings Inc (RBC) Summary page.
