Regal Beloit Stock Composite Rating Moves Up To Near-Best 96

Highly rated Regal Beloit (RBC) moved a couple of clicks closer to a perfect IBD SmartSelect Composite Rating Thursday, as it was upgraded from 94 to 96.


The new rating shows Regal Beloit stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

Regal Beloit Stock Accumulated By Big Investors

Beloit, Wis.-based Regal Beloit earns an 86 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 86% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q2, the maker of electric motors, generators, controls and other components and systems reported 140% EPS growth, to $2.28. It has now posted year-over-year EPS increases for four consecutive quarters. Top line grew 40% to $886.9 million, up from 11% growth in the prior quarter. The company has now also posted rising sales growth in each of the last four quarters.

See How IBD Helps You Make More Money In Stocks

Regal Beloit stock holds the No. 2 rank among its peers in the Electrical Power/Equipment industry group. Encore Wire (WIRE) and Generac (GNRC) are also among the top-ranked stocks in the group.

Regal Beloit stock is currently forming a consolidation, with a 159.74 buy point. Look for the stock to break out in heavy trade, ideally at least 40% higher than normal.


Which Companies Are Now Outperforming 95% Of All Stocks?

See Which Stocks Just Came On — And Off — IBD’s Top Stock Lists

Evaluate Any Stock With Stock Ratings, IBD Charts And Stock Checkup

Looking For Market Insights? Check Out Our IBD Live Daily Segment

MarketSmith: Research, Charts, Data And Coaching All In One Place

Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button