At the time of writing, Regal Rexnord Corp [RRX] stock is trading at $158.46, up 1.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The RRX shares have gain 4.24% over the last week, with a monthly amount glided 17.19%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wolfe Research upgraded its rating to Outperform on December 11, 2023, and kept the price target unchanged to $151. On December 01, 2022, downgrade downgraded it’s rating to Peer Perform.
For the past year, the stock price of Regal Rexnord Corp fluctuated between $97.18 and $183.85. Currently, Wall Street analysts expect the stock to reach $197.5 within the next 12 months. Regal Rexnord Corp [NYSE: RRX] shares were valued at $158.46 at the most recent close of the market. An investor can expect a potential return of 24.64% based on the average RRX price forecast.
Analyzing the RRX fundamentals
According to Regal Rexnord Corp [NYSE:RRX], the company’s sales were 6.57B for trailing twelve months, which represents an 26.44% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 155.90 points at the first support level, and at 153.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 161.27, and for the 2nd resistance point, it is at 164.08.
Ratios To Look Out For
It is important to note that Regal Rexnord Corp [NYSE:RRX] has a current ratio of 2.62. On the other hand, the Quick Ratio is 1.56, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 1.68.
Transactions by insiders
Recent insider trading involved Valentyn Thomas E, EVP, General Counsel & Sec.*, that happened on Feb 27 ’24 when 647.0 shares were sold. EVP, General Counsel & Sec.*, Valentyn Thomas E completed a deal on Feb 22 ’24 to sell 1931.0 shares. Meanwhile, EVP, General Counsel & Sec.* Valentyn Thomas E sold 4124.0 shares on Feb 12 ’24.
