News stories about Rexnord Corporation (NYSE:RXN) have trended positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rexnord Corporation earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.1754516730253 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Rexnord Corporation (RXN) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Hillenbrand (HI) vs. Rexnord Corporation (RXN) Head to Head Analysis (americanbankingnews.com)
- Interesting RXN Put Options For December 15th (nasdaq.com)
- Rexnord Corporation (RXN) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
RXN has been the subject of several analyst reports. Janney Montgomery Scott initiated coverage on Rexnord Corporation in a research report on Friday, July 21st. They set a “buy” rating and a $27.00 price objective for the company. Zacks Investment Research raised Rexnord Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub cut Rexnord Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rexnord Corporation in a research report on Thursday, September 28th. Finally, Robert W. Baird set a $27.00 price objective on Rexnord Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.
Shares of Rexnord Corporation (RXN) traded down 0.77% during mid-day trading on Friday, hitting $25.66. The company had a trading volume of 869,925 shares. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 38.88 and a beta of 1.63. Rexnord Corporation has a 52-week low of $15.80 and a 52-week high of $26.24. The stock’s 50-day moving average is $25.39 and its 200-day moving average is $24.00.
Rexnord Corporation (NYSE:RXN) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $487.70 million during the quarter, compared to the consensus estimate of $484.20 million. Rexnord Corporation had a return on equity of 14.27% and a net margin of 4.22%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. Equities analysts forecast that Rexnord Corporation will post $1.26 earnings per share for the current year.
In related news, insider Michael Troutman sold 22,914 shares of Rexnord Corporation stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $24.15, for a total value of $553,373.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.
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About Rexnord Corporation
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.
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