Rexnord Corp (NYSE:RXN) has been assigned a consensus rating of “Buy” from the ten research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $30.00.
Several research firms have commented on RXN. ValuEngine raised shares of Rexnord from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet raised shares of Rexnord from a “c+” rating to a “b” rating in a research note on Friday, January 26th. KeyCorp raised their target price on shares of Rexnord from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Zacks Investment Research raised shares of Rexnord from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Deutsche Bank set a $33.00 target price on shares of Rexnord and gave the company a “buy” rating in a research note on Friday, January 19th.
Rexnord (NYSE:RXN) opened at $27.33 on Tuesday. The company has a market cap of $2,840.00, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.20 and a beta of 1.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.58 and a current ratio of 2.49. Rexnord has a 52 week low of $21.51 and a 52 week high of $31.44.
Rexnord (NYSE:RXN) last released its earnings results on Wednesday, January 31st. The industrial products company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.10. The firm had revenue of $492.30 million for the quarter, compared to analysts’ expectations of $479.66 million. Rexnord had a net margin of 8.29% and a return on equity of 13.05%. Rexnord’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. equities research analysts forecast that Rexnord will post 1.31 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in RXN. Prudential Financial Inc. acquired a new position in shares of Rexnord in the 2nd quarter worth approximately $230,000. Teachers Advisors LLC grew its stake in shares of Rexnord by 31.8% in the 2nd quarter. Teachers Advisors LLC now owns 187,153 shares of the industrial products company’s stock worth $4,351,000 after purchasing an additional 45,149 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of Rexnord by 60.3% in the 2nd quarter. Nationwide Fund Advisors now owns 109,318 shares of the industrial products company’s stock worth $2,542,000 after purchasing an additional 41,106 shares during the last quarter. BlackRock Inc. grew its stake in shares of Rexnord by 14.4% in the 2nd quarter. BlackRock Inc. now owns 7,026,845 shares of the industrial products company’s stock worth $163,374,000 after purchasing an additional 883,165 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Rexnord by 28.5% in the 2nd quarter. Amalgamated Bank now owns 13,138 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 2,916 shares during the last quarter.
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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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