RBC Bearings Inc
RBC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|<q | LOCK|!r | LOCK|bfxL<p!% |
RBC Bearings Off to a Solid Start in Fiscal 2015
We’re slightly increasing our fair value estimate for RBC Bearings to $52 per share from $51 following the release of first-quarter results. The minor boost is driven by the positive time-value-of-money effect. Our narrow moat rating and operating forecast remain intact. Following a roughly 20% decline in the share price since the beginning of 2014; RBC shares now trade much closer to our fair value.
