Rexnord Corporation (NYSE:RXN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.1 by 10 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Rexnord Corporation (NYSE:RXN): The mean short term price target for Rexnord Corporation (NYSE:RXN) has been established at $21.75 per share. The higher price target estimate is at $26 and the lower price target estimate is expected at $16 according to 8 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $2.96
Rexnord Corporation (NYSE:RXN) witnessed a decline in the market cap on Tuesday as its shares dropped 3.74% or 0.83 points. After the session commenced at $22.15, the stock reached the higher end at $22.15 while it hit a low of $21.34. With the volume soaring to 905,359 shares, the last trade was called at $21.35. The company has a 52-week high of $26.35. The company has a market cap of $2,171 million and there are 101,695,697 shares in outstanding. The 52-week low of the share price is $14.04.
Rexnord Corporation has dropped 0.56% in the last five trading days, however, the shares have posted positive gains of 8.38% in the last 4 weeks. Rexnord Corporation is up 7.07% in the last 3-month period. Year-to-Date the stock performance stands at 17.83%.
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.