Rexnord Corp Sets New 1-Year High at $22.69 (RXN)
Rexnord Corp (NYSE:RXN) set a new 52-week high during trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $22.69 and last traded at $22.40, with a volume of 203,749 shares. The stock had previously closed at $21.36.
A number of analysts have recently weighed in on RXN shares. 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. Separately, 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Rexnord Corp presently has an average rating of “Hold” and an average target price of $22.33.
Rexnord Corp has a 52-week low of $15.00 and a 52-week high of $22.45. The stock’s 50-day moving average is $19.06 and its 200-day moving average is $18.99. The company has a market cap of $2.187 billion and a price-to-earnings ratio of 32.66.
Rexnord Corp (NYSE:RXN) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.04. The company had revenue of $515.00 million for the quarter, compared to the consensus estimate of $513.67 million.
Rexnord Corporation (NYSE:RXN), formerly Rexnord Holdings, Inc, is a multi-platform industrial company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.