.png "Rexnord Corporation (NYSE: RXN)")
In a report released yesterday, Jim Giannakouros from Oppenheimer maintained a Buy rating on Rexnord Corporation (NYSE: RXN). The company’s shares closed yesterday at $29.05.
According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 6.2% and a 56.6% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.
Rexnord Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $33.
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Based on Rexnord Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $81.6 million. In comparison, last year the company had a net profit of $27.4 million.
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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 and Water Management.
