News articles about Rexnord (NYSE:RXN) have been trending positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rexnord earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.232391282888 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
A number of research firms have commented on RXN. Zacks Investment Research raised Rexnord from a “sell” rating to a “hold” rating in a research report on Tuesday. Oppenheimer reissued a “hold” rating on shares of Rexnord in a research report on Thursday, September 28th. Bank of America raised Rexnord from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Finally, TheStreet lowered Rexnord from a “b-” rating to a “c+” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.
Rexnord (RXN) traded down $0.27 during trading on Friday, hitting $27.84. The company had a trading volume of 489,677 shares, compared to its average volume of 824,630. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.08 and a quick ratio of 2.23. The stock has a market cap of $2,921.33, a P/E ratio of 42.18, a P/E/G ratio of 2.25 and a beta of 1.65. Rexnord has a 52 week low of $20.75 and a 52 week high of $28.44.
Rexnord (NYSE:RXN) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Rexnord had a return on equity of 12.03% and a net margin of 4.45%. The business had revenue of $510.80 million for the quarter, compared to the consensus estimate of $505.75 million. During the same period last year, the business posted $0.38 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. research analysts predict that Rexnord will post 1.25 earnings per share for the current fiscal year.
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Rexnord Company Profile
Rexnord Corporation is a multi-platform industrial company. The Company operates through two segments: Process & Motion Control platform, and Water Management platform. The Process & Motion Control platform designs, manufactures, markets and services a range of engineered mechanical components used within systems.
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