Analysts at Barclays initiated coverage on shares of Ralliant (NYSE:RAL - Get Free Report) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $60.00 price target on the stock. Barclays's target price suggests a potential upside of 28.48% from the stock's current price.
Several other brokerages have also recently commented on RAL. Wall Street Zen upgraded shares of Ralliant to a "hold" rating in a research report on Sunday, July 13th. Seaport Res Ptn upgraded shares of Ralliant to a "hold" rating in a research report on Monday, July 14th. Finally, TD Cowen began 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Ralliant presently has a consensus rating of "Hold" and an average target price of $58.67.
Get Our Latest Stock Analysis on Ralliant
Ralliant Price Performance
Shares of RAL traded down $1.32 on Tuesday, hitting $46.70. The company's stock had a trading volume of 1,508,169 shares, compared to its average volume of 4,897,292. Ralliant has a fifty-two week low of $43.75 and a fifty-two week high of $55.08.
Institutional Trading of Ralliant
Hedge funds and other institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. acquired a new position in Ralliant in the second quarter valued at $4,802,000. Mountain Pacific Investment Advisers LLC acquired a new position in Ralliant in the second quarter valued at $3,455,000. State of Alaska Department of Revenue acquired a new position in Ralliant in the second quarter valued at $2,788,000. Public Employees Retirement System of Ohio acquired a new position in Ralliant in the second quarter valued at $1,799,000. Finally, Truist Financial Corp acquired a new position in Ralliant in the second quarter valued at $1,409,000.
About Ralliant
(
Get Free Report)
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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