While Regal Rexnord Corp has underperformed by -1.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RRX rose by 75.52%, with highs and lows ranging from $185.28 to $100.00, whereas the simple moving average jumped by 12.77% in the last 200 days.
On October 14, 2024, Citigroup started tracking Regal Rexnord Corp (NYSE: RRX) recommending Buy. A report published by Raymond James on June 28, 2024, Initiated its previous ‘Mkt Perform’ rating for RRX. Wolfe Research also Upgraded RRX shares as ‘Outperform’, setting a target price of $151 on the company’s shares in a report dated December 11, 2023. Barclays initiated its ‘Overweight’ rating for RRX, as published in its report on December 16, 2021.
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Analysis of Regal Rexnord Corp (RRX)
Investors in Regal Rexnord Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.40 per share. Further, the quarter-over-quarter decrease in sales is -10.45%, showing a negative trend in the upcoming months.
One of the most important indicators of Regal Rexnord Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 3.34% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.35, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and RRX is recording 424.66K average volume. On a monthly basis, the volatility of the stock is set at 3.40%, whereas on a weekly basis, it is put at 6.20%, with a gain of 7.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $201.56, showing growth from the present price of $178.92, which can serve as yet another indication of whether RRX is worth investing in or should be passed over.
How Do You Analyze Regal Rexnord Corp Shares?
The Specialty Industrial Machinery market is dominated by Regal Rexnord Corp (RRX) based in the USA. When comparing Regal Rexnord Corp shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 56.51, there is a growth in quarterly earnings of 151.80%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 100.87% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RRX shares are owned by institutional investors to the tune of 100.87% at present.
