Regal Rexnord (NYSE:RRX) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Regal Rexnord has been downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating, indicating a shift in analyst sentiment.
• Goldman Sachs lowered its price target for Regal Rexnord from $192 to $170, while Citigroup raised its target from $145 to $165, indicating mixed expectations from different analysts.
• Shares of Regal Rexnord are currently trading around $143.47, with a market capitalization of $9.52 billion and a P/E ratio of 38.16.

Regal Rexnord (NYSE:RRX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.

A number of other analysts have also commented on the company. The Goldman Sachs Group reduced their target price on Regal Rexnord from $192.00 to $170.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. JPMorgan Chase & Co. started coverage on Regal Rexnord in a report on Monday, September 15th. They issued an "overweight" rating and a $200.00 price objective for the company. KeyCorp set a $180.00 price objective on Regal Rexnord and gave the stock an "overweight" rating in a report on Thursday, June 26th. Barclays cut their price target on Regal Rexnord from $163.00 to $161.00 and set an "overweight" rating for the company in a research note on Tuesday, September 16th. Finally, Citigroup restated a "buy" rating and set a $165.00 target price (up from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $181.63.

Regal Rexnord Stock Up 0.6%

Shares of NYSE:RRX traded up $0.86 on Friday, hitting $144.31. 902,202 shares of the company traded hands, compared to its average volume of 761,460. Regal Rexnord has a 52 week low of $90.56 and a 52 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 stock has a 50 day simple moving average of $147.52 and a 200-day simple moving average of $133.72. The company has a market cap of $9.58 billion, a PE ratio of 38.38, a PEG ratio of 1.44 and a beta of 1.18.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.42 by $0.06. The business had revenue of $1.50 billion during 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%. Regal Rexnord's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $2.29 EPS. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. As a group, research analysts expect that Regal Rexnord will post 9.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its position in shares of Regal Rexnord by 29.0% during the second quarter. Osaic Holdings Inc. now owns 5,216 shares of the company's stock valued at $750,000 after buying an additional 1,172 shares during the period. American Trust purchased a new position in Regal Rexnord during the 2nd quarter valued at $285,000. Squarepoint Ops LLC purchased a new position in Regal Rexnord during the 2nd quarter valued at $1,277,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in Regal Rexnord during the 2nd quarter valued at $818,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Regal Rexnord by 35.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 299 shares of the company's stock valued at $43,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors 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.