Rexnord Corp Receives Average Recommendation of “Hold” from Analysts (NYSE:RXN)
Shares of Rexnord Corp (NYSE:RXN) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the company, Stock Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.67.
Shares of Rexnord Corp (NYSE:RXN) opened at 29.13 on Tuesday. Rexnord Corp has a 52-week low of $17.83 and a 52-week high of $30.94. The stock’s 50-day moving average is $28.42 and its 200-day moving average is $28.08. The company has a market cap of $2.948 billion and a price-to-earnings ratio of 95.57.
Rexnord Corp (NYSE:RXN) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.08. The company had revenue of $569.70 million for the quarter, compared to the consensus estimate of $582.77 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Rexnord Corp will post $1.65 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Rexnord Corp from $31.00 to $32.00 in a research note on Tuesday. Separately, analysts at Deutsche Bank initiated coverage on shares of Rexnord Corp in a research note on Thursday, July 10th. They set a “buy” rating and a $34.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Rexnord Corp in a research note on Wednesday, June 4th. They now have a $27.00 price target on the stock.
Rexnord Corporation (NYSE:RXN) is a multi-platform industrial company.
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