Citigroup Forecasts Strong Price Appreciation for Ralliant (NYSE:RAL) Stock

Ralliant (NYSE:RAL – Get Free Report) had its price objective raised by research analysts at Citigroup from $85.00 to $88.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s target price would suggest a potential upside of 30.73% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets assumed coverage on shares of Ralliant in a report on Monday, July 20th. They issued a “market perform” rating and a $78.00 target price for the company. Oppenheimer raised their price target on Ralliant from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. Seaport Research Partners upgraded Ralliant from a “neutral” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Wednesday, October 14th. Weiss Ratings downgraded Ralliant from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Finally, Evercore reaffirmed an “outperform” rating on shares of Ralliant in a research report on Tuesday, September 22nd. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Ralliant presently has an average rating of “Moderate Buy” and an average price target of $78.40.

Check Out Our Latest Stock Report on Ralliant

Ralliant Stock Performance

Shares of RAL traded up $4.49 during mid-day trading on Thursday, reaching $67.32. 2,259,659 shares of the company’s stock were exchanged, compared to its average volume of 1,280,848. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 1.00. The stock has a market capitalization of $7.45 billion, a PE ratio of -6.45, a price-to-earnings-growth ratio of 2.45 and a beta of 1.42. The business’s fifty day simple moving average is $68.12 and its 200-day simple moving average is $59.00. Ralliant has a 52-week low of $37.27 and a 52-week high of $75.41.

Ralliant (NYSE:RAL – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.77 by $0.16. The firm had revenue of $620.10 million during the quarter. Ralliant had a negative net margin of 56.38% and a positive return on equity of 14.97%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. On average, equities research analysts expect that Ralliant will post 3.02 earnings per share for the current year.

Insider Buying and Selling at Ralliant

In other news, CEO Tamara Newcombe sold 12,936 shares of the firm’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $70.58, for a total value of $913,022.88. Following the completion of the sale, the chief executive officer owned 246,897 shares in the company, valued at approximately $17,425,990.26. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Karen Bick sold 6,062 shares of Ralliant stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $72.00, for a total transaction of $436,464.00. Following the completion of the sale, the senior vice president directly owned 31,668 shares in the company, valued at approximately $2,280,096. The trade was a 16.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,870 shares of company stock valued at $3,122,883 in the last 90 days. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On Ralliant

A number of hedge funds have recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. purchased a new stake in Ralliant in the 3rd quarter valued at approximately $25,000. Maryland State Retirement & Pension System increased its position in Ralliant by 45.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 31,453 shares of the company’s stock worth $2,176,000 after purchasing an additional 9,770 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Ralliant during the 3rd quarter worth approximately $54,000. CenterBook Partners LP purchased a new position in shares of Ralliant during the 3rd quarter worth approximately $269,000. Finally, First Nebraska Trust Co purchased a new position in shares of Ralliant during the 3rd quarter worth approximately $649,000.

Ralliant Company Profile

(Get Free Report)

Ralliant Corporation (NYSE: RAL) is an industrial technology company that develops and supplies highly engineered products and solutions for customers with demanding measurement, monitoring, sensing and reliability requirements. Its offerings are designed to support the performance, safety and efficiency of industrial equipment and processes.

The company’s portfolio includes test and measurement instruments, sensing and monitoring technologies, power and electrical solutions, and products used to improve the reliability and maintenance of industrial assets.

Further Reading

Analyst Recommendations for Ralliant (NYSE:RAL)

Receive News & Ratings for Ralliant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralliant and related companies with MarketBeat.com's FREE daily email newsletter.