Rexnord (RXN) Given a $33.00 Price Target by Deutsche Bank Analysts
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.
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.
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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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