Barclays Sticks to Their Buy Rating for Regal Rexnord (RRX)

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Regal Rexnord (RRX – Research Report), with a price target of $203.00. The company’s shares closed yesterday at $168.85.

According to TipRanks, Mitchell is a 5-star analyst with an average return of 15.2% and a 64.31% success rate. Mitchell covers the Industrials sector, focusing on stocks such as 3M, Ingersoll Rand, and Gates Industrial.

Regal Rexnord has an analyst consensus of Strong Buy, with a price target consensus of $198.00.

RRX market cap is currently $11.23B and has a P/E ratio of -193.86.

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Regal Rexnord (RRX) Company Description:

Regal Beloit Corp. engages in the manufacture of electric motors, electrical motion controls, power generation, and power transmission products. It operates through the following segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. The Commercial and Industrial Systems produces medium and large motors, commercial and industrial equipment, generator, and custom drives and systems. The Climate Solutions segment offers small motors, controls, and air moving solutions serving markets including residential and light commercial HVAC, water heaters and commercial refrigeration. The Power Transmission Solutions segment manufactures, sells, and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives, large open gearing, and specialty mechanical products serving markets including beverage, bulk handling, metals, special machinery, energy, aerospace, and general industrial. The company was founded in 1955 and is headquartered in Beloit, WI.