In last trading session, Regal Rexnord Corporation (NYSE:RRX) saw 0.33 million shares changing hands with its beta currently measuring 1.24. Company’s recent per share price level of $171.41 trading at $2.01 or 1.19% at ring of the bell on the day assigns it a market valuation of $11.68B. That closing price of RRX’s stock is at a discount of -3.21% from its 52-week high price of $176.91 and is indicating a premium of 31.86% from its 52-week low price of $116.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.38 million shares which gives us an average trading volume of 429.22K if we extend that period to 3-months.
For Regal Rexnord Corporation (RRX), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $2.2 in the current quarter.
Regal Rexnord Corporation (NYSE:RRX) trade information
Upright in the green during last session for gaining 1.19%, in the last five days RRX remained trading in the green while hitting it’s week-highest on Friday, 01/14/22 when the stock touched $171.41 price level, adding 0.13% to its value on the day. Regal Rexnord Corporation’s shares saw a change of 0.72% in year-to-date performance and have moved 0.47% in past 5-day. Regal Rexnord Corporation (NYSE:RRX) showed a performance of 4.70% in past 30-days. Number of shares sold short was 0.85 million shares which calculate 2.27 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $198.13 to the stock, which implies a rise of 13.49% to its current value. Analysts have been projecting $190.00 as a low price target for the stock while placing it at a high target of $206.00. It follows that stock’s current price would drop -20.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -10.85% for stock’s current value.
Regal Rexnord Corporation (RRX) estimates and forecasts
Statistics highlight that Regal Rexnord Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 41.43% of value to its shares in past 6 months, showing an annual growth rate of 51.99% while that of industry is 25.10. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 23.60% in the current quarter and calculating 23.70% increase in the next quarter. This year revenue growth is estimated to rise 30.70% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.2 billion for the same. And 6 analysts are in estimates of company making revenue of $1.25 billion in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.90% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -18.00% while estimates for its earnings growth in next 5 years are of 25.30%.
Regal Rexnord Corporation is more likely to be releasing its next quarterly report between February 14 and February 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.77%, the share has a forward dividend of 1.32 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.26%.
Regal Rexnord Corporation (NYSE:RRX)’s Major holders
Insiders are in possession of 0.33% of company’s total shares while institution are holding 61.22 percent of that, with stock having share float percentage of 61.42%. Investors also watch the number of corporate investors in a company very closely, which is 61.22% institutions for Regal Rexnord Corporation that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at RRX for having 3.93 million shares of worth $591.05 million. And as of Sep 29, 2021, it was holding 5.80% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 3.82 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 5.64% of outstanding shares, having a total worth of $574.38 million.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 1.82 million shares of worth $277.99 million or 2.69% of the total outstanding shares. The later fund manager was in possession of 1.15 million shares on Sep 29, 2021, making its stake of worth around $173.6 million in the company or a holder of 1.70% of company’s stock.