JPMorgan Chase & Co. Issues Pessimistic Forecast for Regal Rexnord (NYSE:RRX) Stock Price

Regal Rexnord (NYSE:RRX) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $240.00 to $196.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 18.61% from the company’s previous close.

RRX has been the topic of several other research reports. Oppenheimer dropped their target price on shares of Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Wall Street Zen downgraded Regal Rexnord from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Wolfe Research set a $250.00 target price on Regal Rexnord in a research note on Thursday, July 9th. Finally, UBS Group set a $260.00 target price on Regal Rexnord in a report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Regal Rexnord has an average rating of “Moderate Buy” and an average price target of $235.50.

Regal Rexnord Trading Up 3.3%

Regal Rexnord stock traded up $5.23 during mid-day trading on Friday, hitting $165.24. 860,893 shares of the stock were exchanged, compared to its average volume of 1,144,763. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. Regal Rexnord has a 12 month low of $127.96 and a 12 month high of $247.80. The firm’s fifty day simple moving average is $165.22 and its two-hundred day simple moving average is $192.64. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 1.31 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Analysts forecast that Regal Rexnord will post 10.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC bought a new position in Regal Rexnord in the third quarter worth approximately $273,000. Steph & Co. raised its position in shares of Regal Rexnord by 6.7% during the third quarter. Steph & Co. now owns 3,260 shares of the company’s stock worth $506,000 after purchasing an additional 206 shares during the period. Moody National Bank Trust Division raised its position in shares of Regal Rexnord by 14.7% during the third quarter. Moody National Bank Trust Division now owns 4,890 shares of the company’s stock worth $758,000 after purchasing an additional 625 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of Regal Rexnord by 15.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 4,250 shares of the company’s stock worth $659,000 after purchasing an additional 555 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Regal Rexnord by 13.7% in the 3rd quarter. Versant Capital Management Inc now owns 540 shares of the company’s stock worth $84,000 after purchasing an additional 65 shares in the last quarter. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Company Profile

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.