Barclays Lowers Regal Rexnord (NYSE:RRX) Price Target to $161.00

Key Points

• Barclays has downgraded Regal Rexnord's price target from $163.00 to $161.00 while maintaining an "overweight" rating, suggesting a potential upside of 14.27% from the stock's previous close.
• In contrast, Goldman Sachs raised their price target for Regal Rexnord from $173.00 to $195.00, indicating strong analyst support for the stock.
• Regal Rexnord's recent earnings report surpassed estimates, with an earnings per share (EPS) of $2.48, and the company projects an EPS of 9.700-10.300 for FY 2025.

Regal Rexnord (NYSE:RRX - Get Free Report) had its price target decreased by analysts at Barclays from $163.00 to $161.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 12.22% from the company's previous close.

Several other research firms also recently commented on RRX. Citigroup reissued a "buy" rating and issued a $165.00 target price (up from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. JPMorgan Chase & Co. began coverage on Regal Rexnord in a report on Monday, September 15th. They issued an "overweight" rating and a $200.00 target price on the stock. KeyCorp set a $180.00 target price on Regal Rexnord and gave the stock an "overweight" rating in a report on Thursday, June 26th. The Goldman Sachs Group boosted their target price on Regal Rexnord from $173.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised Regal Rexnord from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Regal Rexnord presently has an average rating of "Buy" and an average target price of $181.63.

Regal Rexnord Stock Down 0.7%

Shares of NYSE RRX traded down $0.95 during mid-day trading on Tuesday, hitting $143.47. 878,608 shares of the stock traded hands, compared to its average volume of 672,386. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 2.00. Regal Rexnord has a 52 week low of $90.56 and a 52 week high of $185.28. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 1.45 and a beta of 1.18. The stock has a fifty day moving average price of $147.52 and a 200-day moving average price of $133.58.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.06. Regal Rexnord had a return on equity of 9.73% and a net margin of 4.28%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $2.29 earnings per share. The firm's revenue was down 3.3% on a year-over-year basis. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. Research analysts anticipate that Regal Rexnord will post 9.95 EPS for the current year.

Institutional Trading of Regal Rexnord

A number of hedge funds and other institutional investors have recently bought and sold shares of RRX. Geneos Wealth Management Inc. increased its position in Regal Rexnord by 135.1% in the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Regal Rexnord by 85.7% in the second quarter. Allworth Financial LP now owns 195 shares of the company's stock worth $28,000 after acquiring an additional 90 shares during the period. Bernard Wealth Management Corp. bought a new position in shares of Regal Rexnord in the fourth quarter worth about $31,000. Golden State Wealth Management LLC boosted its stake in shares of Regal Rexnord by 106.2% in the first quarter. Golden State Wealth Management LLC now owns 268 shares of the company's stock worth $31,000 after acquiring an additional 138 shares during the period. Finally, Tobam boosted its stake in shares of Regal Rexnord by 54.8% in the second quarter. Tobam now owns 308 shares of the company's stock worth $45,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 99.72% of the company's stock.

About Regal Rexnord

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.