Rexnord Corporation (NYSE:RXN) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $24.50.

A number of equities analysts recently weighed in on RXN shares. Janney Montgomery Scott assumed coverage on Rexnord Corporation in a research note on Friday, July 21st. They issued a “buy” rating and a $27.00 price target on the stock. Zacks Investment Research cut Rexnord Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. TheStreet raised Rexnord Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. BidaskClub raised Rexnord Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rexnord Corporation in a research note on Thursday, May 18th.

A number of institutional investors have recently added to or reduced their stakes in RXN. Verition Fund Management LLC boosted its position in Rexnord Corporation by 3.2% in the second quarter. Verition Fund Management LLC now owns 20,939 shares of the industrial products company’s stock valued at $487,000 after buying an additional 641 shares during the period. California Public Employees Retirement System boosted its position in Rexnord Corporation by 0.3% in the second quarter. California Public Employees Retirement System now owns 230,400 shares of the industrial products company’s stock valued at $5,357,000 after buying an additional 800 shares during the period. Aperio Group LLC boosted its position in Rexnord Corporation by 11.9% in the second quarter. Aperio Group LLC now owns 9,774 shares of the industrial products company’s stock valued at $227,000 after buying an additional 1,043 shares during the period. Alambic Investment Management L.P. boosted its position in Rexnord Corporation by 12.9% in the first quarter. Alambic Investment Management L.P. now owns 11,400 shares of the industrial products company’s stock valued at $263,000 after buying an additional 1,300 shares during the period. Finally, Perigon Wealth Management LLC boosted its position in Rexnord Corporation by 14.2% in the first quarter. Perigon Wealth Management LLC now owns 10,589 shares of the industrial products company’s stock valued at $244,000 after buying an additional 1,320 shares during the period.

Rexnord Corporation (NYSE:RXN) traded down 0.74% on Tuesday, reaching $24.20. 302,446 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.51 billion, a P/E ratio of 36.67 and a beta of 1.63. Rexnord Corporation has a 1-year low of $15.80 and a 1-year high of $25.50. The firm’s 50 day moving average is $23.62 and its 200 day moving average is $23.20.

Rexnord Corporation (NYSE:RXN) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $487.70 million for the quarter, compared to analysts’ expectations of $484.20 million. Rexnord Corporation had a return on equity of 14.27% and a net margin of 4.22%. Rexnord Corporation’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. Analysts expect that Rexnord Corporation will post $1.27 EPS for the current year.

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Rexnord Corporation Company Profile

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.

Analyst Recommendations for Rexnord Corporation (NYSE:RXN)

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