Brokerage Firm Rating Update on Rexnord Corporation (RXN)

Rexnord Corporation (RXN) has an average broker rating of 2.38, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Rexnord Corporation (RXN) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $26 and the lowest price target forecast is $16. The average forecast of all the analysts is $22 and the expected standard deviation is $3.29.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Rexnord Corporation (NYSE:RXN). Barclays has a Equalweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $23 per share from a prior target of $21. The rating by the firm was issued on July 18, 2016.

Rexnord Corporation (NYSE:RXN): stock was range-bound between the intraday low of $21.56 and the intraday high of $21.9 after having opened at $21.78 on Wednesdays session. The stock finally closed in the red at $21.78, a loss of -0.05%. The stock remained in the red for the whole trading day. The total traded volume was 526,616 shares. The stock failed to cross $21.9 in Wednesdays trading. The stocks closing price on Thursday was $21.83.

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.

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