JPMorgan Chase & Co. Cuts Regal Rexnord (NYSE:RRX) Price Target to $196.00

Key Points

• JPMorgan lowered Regal Rexnord’s price target from $240 to $196 while maintaining an “overweight” rating, implying 18.61% potential upside from the stock’s current price.
• Analyst sentiment remains positive overall: eight analysts rate the stock a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $235.50.
• Regal Rexnord shares rose 3.3% to $165.24, while the company’s latest quarterly earnings beat estimates with EPS of $2.99 versus the $2.58 consensus; revenue increased 4.2% year over year to $1.56 billion.

Regal Rexnord (NYSE:RRX - Get Free Report) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $240.00 to $196.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 18.61% from the stock's current price.

RRX has been the topic of a number of other reports. Citigroup boosted their target price on Regal Rexnord from $240.00 to $260.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research report on Thursday, July 9th. KeyCorp decreased their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Regal Rexnord in a research report on Monday, July 20th. They issued a "buy" rating and a $286.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Regal Rexnord from a "buy" rating to a "hold" rating in a report on Saturday, October 3rd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $235.50.

Regal Rexnord Stock Up 3.3%

Shares of RRX stock traded up $5.23 during trading on Friday, reaching $165.24. The company's stock had a trading volume of 860,893 shares, compared to its average volume of 1,144,763. Regal Rexnord has a one year low of $127.96 and a one year high of $247.80. The business has a fifty day moving average price of $165.22 and a 200-day moving average price of $192.64. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 1.31 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the business earned $2.48 EPS. The company's revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Analysts anticipate that Regal Rexnord will post 10.65 earnings per share for the current year.

Institutional Trading of Regal Rexnord

Several large investors have recently made changes to their positions in RRX. Vontobel Holding Ltd. lifted its holdings in shares of Regal Rexnord by 5.2% during the fourth quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company's stock worth $38,766,000 after purchasing an additional 13,564 shares during the period. Bank of America Corp DE increased its holdings in Regal Rexnord by 4.4% in the first quarter. Bank of America Corp DE now owns 397,219 shares of the company's stock valued at $74,383,000 after purchasing an additional 16,615 shares during the period. Medina Value Partners LLC bought a new position in Regal Rexnord during the 2nd quarter worth $12,349,675. BlackRock Inc. bought a new position in Regal Rexnord during the 2nd quarter worth $1,477,356,000. Finally, Engineers Gate Manager LP acquired a new position in Regal Rexnord during the 2nd quarter worth about $11,920,000. Institutional investors and hedge funds own 99.72% of the company's stock.

Regal Rexnord Company Profile

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.

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