Barclays Lowers Regal Rexnord (NYSE:RRX) Price Target to $155.00

Regal Rexnord (NYSE:RRX) had its price objective decreased by Barclays from $160.00 to $155.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 24.25% from the stock’s current price.

Several other brokerages also recently commented on RRX. StockNews.com downgraded shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Citigroup decreased their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Oppenheimer cut their price objective on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group began coverage on Regal Rexnord in a research note on Thursday, December 12th. They set a “buy” rating and a $215.00 price target on the stock. Finally, The Goldman Sachs Group increased their price target on Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.13.

Regal Rexnord Price Performance

Shares of Regal Rexnord stock opened at $124.75 on Wednesday. Regal Rexnord has a twelve month low of $113.73 and a twelve month high of $185.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26. The firm has a market cap of $8.27 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The firm’s 50-day simple moving average is $138.27 and its 200-day simple moving average is $156.25.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.22). Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. As a group, research analysts expect that Regal Rexnord will post 9.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Regal Rexnord by 472.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company’s stock worth $25,000 after buying an additional 137 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in Regal Rexnord during the fourth quarter worth about $30,000. Aster Capital Management DIFC Ltd bought a new position in shares of Regal Rexnord during the fourth quarter worth approximately $33,000. Tobam bought a new position in Regal Rexnord during the 4th quarter worth $45,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Regal Rexnord by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 322 shares of the company’s stock valued at $50,000 after acquiring an additional 153 shares during the period. 99.72% of the stock is owned by institutional investors and hedge funds.

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.