Ralliant Corporation (NYSE:RAL) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Ralliant Corporation (NYSE:RAL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the four ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $58.67.

RAL has been the topic of several research reports. Evercore ISI assumed coverage on shares of Ralliant in a research report on Friday. They issued an "in-line" rating and a $52.00 price target on the stock. Barclays set a $60.00 price target on shares of Ralliant and gave the company an "overweight" rating in a report on Tuesday. TD Cowen initiated coverage on shares of Ralliant in a research note on Tuesday. They issued a "buy" rating and a $64.00 target price on the stock. Seaport Res Ptn raised shares of Ralliant to a "hold" rating in a research note on Monday. Finally, Wall Street Zen raised shares of Ralliant to a "hold" rating in a research note on Sunday, July 13th.

Institutional Investors Weigh In On Ralliant

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. purchased a new stake in Ralliant during the 2nd quarter worth $4,802,000. Mountain Pacific Investment Advisers LLC purchased a new stake in Ralliant during the 2nd quarter worth $3,455,000. Dogwood Wealth Management LLC purchased a new stake in Ralliant during the 2nd quarter worth $87,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Ralliant during the 2nd quarter worth $74,000. Finally, Brown Shipley& Co Ltd purchased a new stake in Ralliant during the 2nd quarter worth $259,000.

Ralliant Stock Performance

RAL traded down $1.32 on Tuesday, hitting $46.70. 1,483,694 shares of the company were exchanged, compared to its average volume of 4,354,744. Ralliant has a fifty-two week low of $43.75 and a fifty-two week 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.