Rexnord (NYSE:RXN) has been assigned a $33.00 price objective by analysts at Deutsche Bank in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the industrial products company’s stock. Deutsche Bank’s price objective indicates a potential upside of 14.74% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Rexnord from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Bank of America upgraded Rexnord from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. TheStreet cut Rexnord from a “b-” rating to a “c+” rating in a report on Wednesday, November 15th. Finally, Oppenheimer reiterated a “hold” rating on shares of Rexnord in a report on Thursday, September 28th. 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 stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of Rexnord (RXN) opened at $28.76 on Friday. The firm has a market capitalization of $2,988.88, a P/E ratio of 24.17, a P/E/G ratio of 2.30 and a beta of 1.65. The company has a quick ratio of 2.23, a current ratio of 3.08 and a debt-to-equity ratio of 1.37. Rexnord has a fifty-two week low of $21.07 and a fifty-two week high of $28.85.

Rexnord (NYSE:RXN) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $510.80 million for the quarter, compared to analysts’ expectations of $505.75 million. Rexnord had a return on equity of 12.03% and a net margin of 4.45%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. analysts expect that Rexnord will post 1.25 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Parametrica Management Ltd acquired a new stake in Rexnord during the 3rd quarter valued at $212,000. Ameritas Investment Partners Inc. grew its holdings in Rexnord by 27.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,142 shares of the industrial products company’s stock valued at $213,000 after buying an additional 1,981 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Rexnord during the 3rd quarter valued at $219,000. Prudential Financial Inc. acquired a new stake in Rexnord during the 2nd quarter valued at $230,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Rexnord during the 3rd quarter valued at $288,000.

TRADEMARK VIOLATION NOTICE: “Rexnord (RXN) Given a $33.00 Price Target by Deutsche Bank Analysts” was published by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at

About Rexnord

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.

Analyst Recommendations for Rexnord (NYSE:RXN)

Receive News & Ratings for Rexnord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexnord and related companies with's FREE daily email newsletter.