.png "Rexnord Corporation (NYSE: RXN)")
Barclays analyst Julian Mitchell maintained a Hold rating on Rexnord Corporation (RXN) yesterday and set a price target of $30. The company’s shares closed yesterday at $26.15.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 9.9% and a 68.2% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rexnord Corporation with a $28 average price target.
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Based on Rexnord Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $485 million and net profit of $45.1 million. In comparison, last year the company had a net profit of $81.6 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Craig Wehr, the Group Ex., President-Zurn of RXN sold 14,964 shares for a total of $418,992.
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Rexnord Corp. is engaged in the manufacturing of engineered power transmission, aerospace and other precision motion technology products. It operates through two segments: Process & Motion Control platform and Water Management.
