Rexnord Corporation (RXN) : The consensus on Rexnord Corporation (RXN) based on 8 analyst recommendation on the company stock is 2.38, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Rexnord Corporation (RXN).
Rexnord Corporation (RXN) : 6 investment research analysts covering Rexnord Corporation (RXN) have an average price target of $22 for the near short term. The highest target price given by the Brokerage Firm to the stock is $26 and the lowest target is $16 for the short term. Analysts expect the variance to be within $3.29 of the average price.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Rexnord Corporation (NYSE:RXN). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm raises the price target from $21 per share to $23 per share. The rating by the firm was issued on July 18, 2016.
Rexnord Corporation (NYSE:RXN): After opening at $19.67, the stock dipped to an intraday low of $19.57 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $19.95 and the buying power remained strong till the end. The stock closed at $19.85 for the day, a gain of 1.07% for the day session. The total traded volume was 456,184. The stocks close on the previous trading day was $19.64.
Rexnord Corporation (Rexnord) 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 engineered mechanical components, such as gears and gear drives, couplings, industrial bearings, FlatTop and engineered chain, aerospace bearings and seals, under various brands, including Rexnord, Rex, Falk and Link-Belt. The Water Management platform designs, procures, manufactures and markets products that provide water quality, safety, flow control and conservation under brands, such as Zurn, Wilkins, VAG, GA, Rodney Hunt and Fontaine. The Water Management product portfolio includes specification drainage products, sensor flush valves and faucet products, pressure release valves, sluice and slide gates, butterfly and plug valves, control valves and actuation systems, and cross-linked polyethylene (PEX) piping.