Brokerages Set Ralliant Corporation (NYSE:RAL) Price Target at $60.00

Ralliant Corporation (NYSE:RAL) has earned an average rating of “Moderate Buy” from the three ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $62.00.

Several equities research analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of Ralliant to a “hold” rating in a research report on Monday. Wall Street Zen raised shares of Ralliant to a “hold” rating in a report on Sunday, July 13th. TD Cowen assumed coverage on shares of Ralliant in a research note on Tuesday. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, Barclays set a $60.00 price target on shares of Ralliant and gave the stock an “overweight” rating in a report on Tuesday.

Ralliant Stock Performance

Shares of RAL stock opened at $48.19 on Tuesday. Ralliant has a one year low of $43.75 and a one year high of $55.08.

Institutional Trading of Ralliant

A number of large investors have recently bought and sold shares of RAL. ST Germain D J Co. Inc. bought a new position in shares of Ralliant in the second quarter worth $27,000. CX Institutional purchased a new stake in Ralliant in the 2nd quarter valued at $47,000. GAMMA Investing LLC bought a new position in Ralliant in the 2nd quarter valued at $56,000. ORG Partners LLC bought a new position in shares of Ralliant during the 2nd quarter worth $70,000. Finally, GraniteShares Advisors LLC purchased a new stake in shares of Ralliant in the 2nd quarter valued at about $119,000.

About Ralliant

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.