Rexnord Corp (RXN) to Release Earnings on Wednesday
Rexnord Corp (NYSE:RXN) is scheduled to release its earnings data on Wednesday, May 21st. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Shares of Rexnord Corp (NYSE:RXN) opened at 27.31 on Tuesday. Rexnord Corp has a 52-week low of $15.88 and a 52-week high of $30.94. The stock’s 50-day moving average is $27.51 and its 200-day moving average is $27.02. The company has a market cap of $2.677 billion and a price-to-earnings ratio of 185.93.
A number of research firms have recently commented on RXN. Analysts at Bank of America downgraded shares of Rexnord Corp from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 23rd. They now have a $29.00 price target on the stock. They noted that the move was a valuation call. Analysts at Zacks reiterated a “neutral” rating on shares of Rexnord Corp in a research note on Tuesday, February 25th. They now have a $31.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.00.
Rexnord Corporation (NYSE:RXN), formerly Rexnord Holdings, Inc, is a multi-platform industrial company.
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