Regal Rexnord Corp [RRX] stock prices are up 2.01% to $177.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RRX shares have gain 6.59% over the last week, with a monthly amount glided 8.56%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Regal Rexnord Corp [NYSE: RRX] stock has seen the most recent analyst activity on October 14, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $200. On December 11, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $151 on the stock. Wolfe Research downgraded its rating to a Peer Perform.
The stock price of Regal Rexnord Corp [RRX] has been fluctuating between $97.18 and $183.85 over the past year. Currently, Wall Street analysts expect the stock to reach $198.71 within the next 12 months. Regal Rexnord Corp [NYSE: RRX] shares were valued at $177.76 at the most recent close of the market. An investor can expect a potential return of 11.79% based on the average RRX price forecast.
Analyzing the RRX fundamentals
The Regal Rexnord Corp [NYSE:RRX] reported sales of 6.35B for trailing twelve months, representing a drop of -12.50%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.01%, 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 -0.0 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.
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 175.58 points at the first support level, and at 173.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 179.20, and for the 2nd resistance point, it is at 180.65.
Ratios To Look Out For
It’s worth pointing out that Regal Rexnord Corp [NYSE:RRX]’s Current Ratio is 2.45. On the other hand, the Quick Ratio is 1.38, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 1.86.
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 and Pres. IPS* Morton Jerrald R sold 2992.0 shares on Feb 12 ’24.
