Regal Rexnord (NYSE:RRX) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Regal Rexnord from “hold” to “buy.” Overall, analysts rate the stock a “Moderate Buy,” with eight Buy ratings, three Holds, and a consensus price target of $230.50.
• Regal Rexnord’s latest quarterly results exceeded expectations, with EPS of $2.99 versus the $2.58 consensus estimate, while revenue rose 4.2% year over year to $1.56 billion.
• The stock opened at $147.87, well below its 12-month high of $247.80. Institutional investors own approximately 99.72% of the company’s shares.

Regal Rexnord (NYSE:RRX - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. KeyCorp cut their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Citigroup lowered their price target on Regal Rexnord from $220.00 to $200.00 and set a "buy" rating for the company in a report on Monday, October 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Regal Rexnord in a research report on Thursday, October 15th. JPMorgan Chase & Co. dropped their target price on shares of Regal Rexnord from $240.00 to $196.00 and set an "overweight" rating on the stock in a research report on Friday, October 9th. Finally, Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Regal Rexnord currently has an average rating of "Moderate Buy" and a consensus price target of $230.50.

Regal Rexnord Price Performance

RRX opened at $147.87 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The business's fifty day simple moving average is $158.92 and its 200-day simple moving average is $190.35. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.18 and a beta of 1.09. Regal Rexnord has a 12-month low of $127.96 and a 12-month high of $247.80.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.58 by $0.41. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities research analysts anticipate that Regal Rexnord will post 10.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Clearstead Trust LLC acquired a new stake in shares of Regal Rexnord during the 2nd quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Regal Rexnord during the second quarter worth $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Regal Rexnord in the 2nd quarter valued at $43,000. FNY Investment Advisers LLC acquired a new position in Regal Rexnord during the 2nd quarter worth about $43,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in Regal Rexnord in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 99.72% of the company's stock.

Regal Rexnord Company Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.

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