Stock Tracker: Price Target Review on Shares of RBC Bearings Incorporated (NASDAQ:ROLL)

After a recent review, we have noted that shares of RBC Bearings Incorporated (NASDAQ:ROLL) have an average target price of $132.67. This is the consensus target price provided by analysts used by Zacks Research. Professional sell-side analysts that cover the stock are usually diligently monitoring the company to gauge future stock price movements. Price target projections can be calculated using alternate methods, and they can differ from one analyst to another. Many investors will track stock target prices, especially when analysts update their projections. 

Serious investors are often looking for that next batch of quality stocks to add to the portfolio. Finding quality stocks at a discount can be a tough task, especially with the market trading at such high levels. Many investors will be patiently waiting for a dip to get in on some researched names. Being prepared for any situation may help the investor make those tricky decisions when opportunities present themselves. Nobody can say for sure which way momentum is likely to swing heading into the New Year. Staying on top of the key economic data can help provide a good baseline for stock investing decisions in the near future.

Taking a look at the current consensus broker rating for RBC Bearings Incorporated (NASDAQ:ROLL), we note that the ABR is 2.17. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 3.

Investors may be following some historical price data on shares of RBC Bearings Incorporated (NASDAQ:ROLL). Over the past 12 weeks, the stock has seen a change of -0.4%. If we go back to the beginning of the year, we can see that shares have changed 12.66%. Over the last 4 weeks, shares have seen a change of -3.38%. Over the last 5 trading sessions, the stock has moved -0.95%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $155.66, and the 52-week low is currently $113.15. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $142.4 mark.

We can now shift the focus to some company earnings data. Based on projections provided by 6 individual Wall Street analysts polled by Zacks Research, RBC Bearings Incorporated (NASDAQ:ROLL) has a current quarter EPS consensus estimate of 1.17. For the prior reporting period, the company posted quarterly earnings per share of 1.15. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.

For the average investor, figuring out how to best approach the stock market can be challenging. Many investors have probably seen at least one of their prized stocks take off in the last year, and they may be wondering which one is next. With the stock market still trading at super high levels, investors may be worried that a major shift will occur in the near future. Looking back over the first part of this year, investors may not have too much to fidget within the portfolio. If the stock market decides to reverse course and take a turn for the worse, investors may start questioning their strategy and become somewhat worried. Drastic shifts in the markets happen from time to time. Investors who are prepared for volatile market environments may be much better suited to weather the storm than those who are not. Crafting a plan that accounts for the regular ups and downs of the market may be a wise choice for the individual investor. This may mean shifting the mindset to be on the lookout for opportunities when they become available. Investors who have done the research and planning might be more secure in their stock choices should turbulent times arise.