Analyst Price Target Update on Rexnord Corporation (NYSE:RXN)

Rexnord Corporation (NYSE:RXN) shares are expected to touch $21.75 in the short term. This short term price target has been shared by 8 analysts. However, the standard deviation of short term price estimate has been valued at 2.96. The target price could hit $26 on the higher end and $16 on the lower end.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The director, of Rexnord Corp, Stroup John S had unloaded 18,732 shares at $21.39 per share in a transaction on June 8, 2016. The total value of transaction was $400,677. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Rexnord Corporation (NYSE:RXN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.16 points or 0.74% at $21.4 with 1,065,123 shares getting traded. Post opening the session at $21.54, the shares hit an intraday low of $21.37 and an intraday high of $21.64 and the price was in this range throughout the day. The company has a market cap of $2,176 million and the number of outstanding shares have been calculated to be 101,695,697 shares. The 52-week high of Rexnord Corporation (NYSE:RXN) is $26.78 and the 52-week low is $14.04.

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.

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