Rexnord (RXN) Earning Favorable News Coverage, Report Finds
Media coverage about Rexnord (NYSE:RXN) has been trending positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rexnord earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.6854795716562 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages recently weighed in on RXN. Oppenheimer reissued a “hold” rating on shares of Rexnord in a research note on Thursday, September 28th. Robert W. Baird set a $27.00 target price on shares of Rexnord and gave the company a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Rexnord from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Finally, TheStreet downgraded shares of Rexnord from a “b-” rating to a “c+” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.00.
Rexnord (NYSE:RXN) traded up $0.40 during midday trading on Friday, hitting $24.36. 1,393,486 shares of the stock were exchanged, compared to its average volume of 891,751. Rexnord has a one year low of $19.32 and a one year high of $26.24. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.23 and a current ratio of 3.08. The firm has a market cap of $2,531.09, a P/E ratio of 20.47, a P/E/G ratio of 1.94 and a beta of 1.65.
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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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