Peeling Back The Layers: Exploring Regal Rexnord Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Regal Rexnord (NYSE:RRX) has received updated analyst ratings over the last three months, with a consensus leaning towards 'Somewhat Bullish'. The average 12-month price target for RRX has been raised to $205.75, indicating an 11.37% increase from the previous target. Analysts from Barclays, Keybanc, and Oppenheimer have raised their price targets, reflecting optimism about the company's performance. Despite a lower market capitalization compared to industry averages, Regal Rexnord has shown solid revenue growth of 29.2% as of December 31, 2023, and exceptional net margin and ROE figures, although it carries a substantial amount of debt.
April 02, 2024 | 7:01 pm
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Regal Rexnord has seen positive analyst ratings and an increased average price target to $205.75, reflecting a bullish outlook. The company's solid revenue growth and strong financial metrics, despite high debt, contribute to this positive view.
The increase in the average price target and positive analyst ratings indicate a bullish outlook for RRX. The company's strong revenue growth and financial performance, despite its high debt, are likely to positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100