Barclays Has Lowered Expectations for Regal Rexnord (NYSE:RRX) Stock Price

Regal Rexnord (NYSE:RRX - Get Free Report) had its price objective cut by stock analysts at Barclays from $190.00 to $176.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price suggests a potential upside of 28.81% from the company's previous close.

Several other brokerages have also issued reports on RRX. Citigroup decreased their price objective on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group assumed coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They issued a "buy" rating and a $215.00 price target for the company. The Goldman Sachs Group raised their price objective on shares of Regal Rexnord from $191.00 to $213.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Robert W. Baird cut their price objective on shares of Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Finally, Oppenheimer lowered their target price on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating for the company in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $197.75.

Regal Rexnord Trading Down 0.4 %

NYSE:RRX traded down $0.53 during trading hours on Friday, hitting $136.64. The stock had a trading volume of 557,324 shares, compared to its average volume of 594,440. The business's 50 day moving average is $155.58 and its 200-day moving average is $162.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.26. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 46.32, a P/E/G ratio of 1.38 and a beta of 1.03. Regal Rexnord has a one year low of $130.94 and a one year high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.22). Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. Sell-side analysts anticipate that Regal Rexnord will post 10.32 EPS for the current fiscal year.

Institutional Trading of Regal Rexnord

Several institutional investors and hedge funds have recently bought and sold shares of RRX. Sanctuary Advisors LLC acquired a new position in shares of Regal Rexnord during the 2nd quarter worth approximately $263,000. Ritholtz Wealth Management acquired a new stake in Regal Rexnord in the 3rd quarter valued at about $271,000. Creative Planning grew its holdings in Regal Rexnord by 11.6% during the third quarter. Creative Planning now owns 3,131 shares of the company's stock worth $519,000 after purchasing an additional 326 shares during the period. Bleakley Financial Group LLC acquired a new position in Regal Rexnord during the third quarter worth approximately $219,000. Finally, Blue Trust Inc. raised its stake in Regal Rexnord by 28.7% in the third quarter. Blue Trust Inc. now owns 4,225 shares of the company's stock valued at $701,000 after buying an additional 943 shares during the period. 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.