Rexnord (NYSE:RXN) Getting Favorable Press Coverage, Analysis Shows

News articles about Rexnord (NYSE:RXN) have been trending positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rexnord earned a news impact score of 0.26 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.0889652411618 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

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

A number of analysts recently issued reports on RXN shares. ValuEngine upgraded Rexnord from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America upgraded Rexnord from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research downgraded Rexnord from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Deutsche Bank set a $33.00 price target on Rexnord and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Barclays began coverage on Rexnord in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $30.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Rexnord has a consensus rating of “Buy” and a consensus target price of $30.57.

Rexnord (RXN) traded up $0.40 during trading hours on Thursday, hitting $29.68. The stock had a trading volume of 464,493 shares, compared to its average volume of 855,040. Rexnord has a fifty-two week low of $21.85 and a fifty-two week high of $31.44. The company has a market capitalization of $3,028.90, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.74 and a beta of 1.65. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.58 and a current ratio of 2.49.

Rexnord (NYSE:RXN) last released its earnings results on Wednesday, January 31st. The industrial products company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.10. Rexnord had a return on equity of 13.05% and a net margin of 8.29%. The business had revenue of $492.30 million during the quarter, compared to the consensus estimate of $479.66 million. During the same period last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. analysts forecast that Rexnord will post 1.35 EPS for the current fiscal year.

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Rexnord 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.

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