Barclays Issues Pessimistic Forecast for Regal Rexnord (NYSE:RRX) Stock Price

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 dropped by research analysts at Barclays from $163.00 to $161.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target would indicate a potential upside of 14.27% from the stock's previous close.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on Regal Rexnord from $173.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Citigroup reiterated a "buy" rating and set a $165.00 target price (up previously 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. They issued an "overweight" rating and a $200.00 price target for the company. Wall Street Zen raised Regal Rexnord from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, KeyCorp set a $180.00 price target on Regal Rexnord and gave the company an "overweight" rating in a research report on Thursday, June 26th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $186.44.

Regal Rexnord Stock Up 1.5%

Shares of NYSE:RRX opened at $140.90 on Tuesday. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 37.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. Regal Rexnord has a fifty-two week low of $90.56 and a fifty-two week high of $185.28. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. The firm's 50 day moving average price is $148.22 and its 200 day moving average price is $133.18.

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

Hedge Funds Weigh In On Regal Rexnord

Several institutional investors and hedge funds have recently made changes to their positions in RRX. Jefferies Financial Group Inc. acquired a new stake in Regal Rexnord during the fourth quarter worth approximately $1,427,000. Avantax Advisory Services Inc. lifted its stake in shares of Regal Rexnord by 19.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,152 shares of the company's stock valued at $359,000 after purchasing an additional 519 shares during the period. Intech Investment Management LLC increased its position in Regal Rexnord by 0.5% in the 1st quarter. Intech Investment Management LLC now owns 25,490 shares of the company's stock valued at $2,902,000 after buying an additional 120 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Regal Rexnord in the 1st quarter valued at about $185,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Regal Rexnord during the 4th quarter worth approximately $9,463,000. Institutional investors and hedge funds own 99.72% of the company's stock.

Regal Rexnord Company Profile

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.

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