Ralliant Corporation (NYSE:RAL) Receives Average Rating of "Moderate Buy" from Brokerages

Ralliant Corporation (NYSE:RAL - Get Free Report) has received a consensus rating of "Moderate Buy" from the three analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $62.00.

A number of research analysts have recently weighed in on the stock. TD Cowen assumed coverage on shares of Ralliant in a research report on Tuesday. They set a "buy" rating and a $64.00 target price for the company. Seaport Res Ptn raised shares of Ralliant to a "hold" rating in a research report on Monday. Barclays set a $60.00 price target on shares of Ralliant and gave the company an "overweight" rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Ralliant to a "hold" rating in a research note on Sunday.

Institutional Trading of Ralliant

Several institutional investors and hedge funds have recently bought and sold shares of the company. ST Germain D J Co. Inc. purchased a new stake in Ralliant in the 2nd quarter worth approximately $27,000. CX Institutional purchased a new stake in Ralliant in the 2nd quarter worth approximately $47,000. GAMMA Investing LLC purchased a new stake in Ralliant in the 2nd quarter worth approximately $56,000. Alpha Omega Wealth Management LLC purchased a new stake in Ralliant in the 2nd quarter worth approximately $213,000. Finally, TD Private Client Wealth LLC purchased a new stake in Ralliant in the 2nd quarter worth approximately $284,000.

Ralliant Stock Down 1.2%

RAL stock traded down $0.59 during trading on Tuesday, reaching $47.61. The stock had a trading volume of 668,861 shares, compared to its average volume of 4,725,825. Ralliant has a one year low of $43.75 and a one year high of $55.08.

Ralliant Company Profile

Ralliant Corporation is a provider of precision technologies which specializes in designing, developing, manufacturing and servicing precision instruments and engineered products. Ralliant Corporation is based in RALEIGH, N.C.