Rexnord Corp (RXN) Releases Quarterly Earnings, Beats Expectations By $0.04 EPS
Rexnord Corp (NYSE:RXN) issued its earnings data on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04, AnalystRatingsNetwork reports.
A number of research firms have recently commented on RXN. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Rexnord Corp from $19.00 to $21.00 in a research note to investors on Tuesday, October 8th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Rexnord Corp from $21.00 to $22.00 in a research note to investors on Monday, October 7th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Rexnord Corp in a research note to investors on Monday, October 7th. They now have a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.33.
Shares of Rexnord Corp (NYSE:RXN) traded up 4.82% during mid-day trading on Thursday, hitting $22.39. 102,863 shares of the company’s stock traded hands. Rexnord Corp has a one year low of $15.00 and a one year high of $22.45. The stock has a 50-day moving average of $19.06 and a 200-day moving average of $18.99. The company has a market cap of $2.181 billion and a P/E ratio of 32.66.
Rexnord Corporation (NYSE:RXN), formerly Rexnord Holdings, Inc, is a multi-platform industrial company.
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