Rexnord Corp (NYSE:RXN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded Rexnord Corp (NYSE:RXN) to Sell in a statement released on 10/17/2016.
Boasting a price of $19.18, Rexnord Corp (NYSE:RXN) traded -0.42% lower on the day. With the last close down -8.65% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Rexnord Corp has recorded a 50-day average of $20.76 and a two hundred day average of $20.91. Volume of trade was down over the average, with 284,383 shares of RXN changing hands under the typical 506,018
With a total market value of $0, Rexnord Corp has price-earnings ratio of 30.03 with a one year low of $14.04 and a one year high of $22.97 .
A total of 10 analysts have released a research note on RXN. One analyst rating the company a strong buy, five analysts rating the company a buy, four analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $21.50.
More About Rexnord Corp (NYSE:RXN)
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. The Process & Motion Control portfolio includes motion control products, shaft management products, aerospace components and related value-added services. Its Process & Motion Control brands include Rexnord, Rex, Euroflex, Falk, FlatTop, Link-Belt, Thomas and Tollok. The Water Management platform designs, procures and markets products that provide and enhance water quality, safety, flow control and conservation. The Water Management product portfolio includes professional grade water control and safety, water distribution and drainage, finish plumbing and site works products. Its products are marketed and sold under various brand names, including Zurn, Wilkins and VAG.
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