Rexnord Corporation (RXN) Getting Somewhat Favorable News Coverage, Report Shows

Press coverage about Rexnord Corporation (NYSE:RXN) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rexnord Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.8786176972118 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $27.00 price objective on shares of Rexnord Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. BidaskClub downgraded shares of Rexnord Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of Rexnord Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Janney Montgomery Scott began coverage on shares of Rexnord Corporation in a research report on Friday, July 21st. They issued a “buy” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.00.

Rexnord Corporation (RXN) opened at 24.52 on Friday. The company has a market cap of $2.54 billion, a PE ratio of 37.15 and a beta of 1.68. The firm has a 50-day moving average of $24.07 and a 200 day moving average of $23.48. Rexnord Corporation has a 52-week low of $15.80 and a 52-week high of $25.50.

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

In related news, insider Michael Troutman sold 22,914 shares of Rexnord Corporation stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $24.15, for a total transaction of $553,373.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Rexnord Corporation (NYSE:RXN)

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