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Regal Rexnord (NYSE:RRX) Stock Rating Upgraded by StockNews.com


Regal Rexnord (NYSE:RRXGet Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

RRX has been the subject of a number of other reports. The Goldman Sachs Group reduced their price objective on shares of Regal Rexnord from $181.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. Barclays reduced their price objective on shares of Regal Rexnord from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $174.60.

NYSE:RRX opened at $112.99 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.81 and a quick ratio of 1.55. The firm has a 50-day moving average of $120.68 and a 200-day moving average of $143.69. The company has a market cap of $7.57 billion, a PE ratio of 20.85, a PEG ratio of 1.09 and a beta of 1.23. Regal Rexnord has a one year low of $108.28 and a one year high of $176.91.

Regal Rexnord (NYSE:RRXGet Rating) last posted its earnings results on Wednesday, April 27th. The company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.44 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. Regal Rexnord had a net margin of 6.28% and a return on equity of 11.36%. During the same period in the previous year, the firm posted $1.98 earnings per share. On average, equities research analysts expect that Regal Rexnord will post 10.58 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RRX. Vanguard Group Inc. purchased a new position in Regal Rexnord in the first quarter valued at about $978,777,000. BlackRock Inc. purchased a new position in Regal Rexnord in the first quarter valued at about $843,575,000. Capital World Investors purchased a new position in Regal Rexnord in the first quarter valued at about $793,975,000. Massachusetts Financial Services Co. MA purchased a new position in Regal Rexnord in the first quarter valued at about $389,416,000. Finally, Dimensional Fund Advisors LP purchased a new position in Regal Rexnord in the first quarter valued at about $333,305,000. Hedge funds and other institutional investors own 98.16% of the company’s stock.

Regal Rexnord Company Profile (Get Rating)

Regal Rexnord Corporation, together with its subsidiaries, designs, manufactures, and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. It operates through four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Motion Control Solutions.

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