Ralliant Corporation (NYSE:RAL - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $43.49 and last traded at $44.03, with a volume of 141856 shares traded. The stock had previously closed at $45.72.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on RAL shares. Melius started coverage on Ralliant in a report on Tuesday, July 22nd. They set a "hold" rating and a $56.00 price objective for the company. Citigroup started coverage on Ralliant in a report on Monday, July 21st. They set a "neutral" rating and a $53.00 price objective for the company. TD Cowen started coverage on Ralliant in a report on Tuesday, July 15th. They set a "buy" rating and a $64.00 price objective for the company. Evercore ISI started coverage on Ralliant in a report on Friday, July 18th. They set an "in-line" rating and a $52.00 price objective for the company. Finally, Barclays set a $60.00 price target on Ralliant and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $57.00.
View Our Latest Research Report on Ralliant
Ralliant Stock Performance
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB bought a new position in Ralliant in the second quarter worth approximately $29,477,000. Nicholas Company Inc. bought a new position in Ralliant in the second quarter worth approximately $14,459,000. TD Asset Management Inc bought a new position in Ralliant in the second quarter worth approximately $13,190,000. New York State Teachers Retirement System bought a new position in Ralliant in the second quarter worth approximately $5,094,000. Finally, Aberdeen Group plc bought a new position in Ralliant in the second quarter worth approximately $5,042,000.
Ralliant Company Profile
(
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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.
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