Rexnord Corporation (RXN): Is it worth Buying?


Rexnord Corporation (NYSE:RXN) changes shares on Friday trading session, with a change of -1.45% or -$0.43 shares. The trading starts at $30.10 and closed at $29.64 throughout the day. The trading session low price was $29.15 and day high was $30.31 on Friday, June 19. After the session, the Industrials sector daily volume shifted to 1.33 million while its average volume is 947.31K. In other hand, the RXN market cap reached to $3.40B. While, its current target price is $29.21 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.81% and up 4.88% for month. Its quarterly performance was 39.10% above, while its half year performance is down -10.62%. RXN yearly performance stood at negative -0.65% and fall -10.45% for year-to-date. Current recommendation for Rexnord Corporation is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. RXN EPS (TTM) for 12-month is 1.35. EPS for this year is -15.30%, while for the next year its value is 1.87. Its EPS Q/Q reached -4.10%. It has an EPS of 9.00% up for past five years and for the next five years will be down -0.20%.

Let’s take a look on the analyst recommendations on RXN for the current month and previous month. For the current month, 5 of 11 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $28.00-$36.00. Average target price for RXN was reached at $31.82.

Janus Henderson Group PLC, Vanguard Group, Inc. (The) and Blackrock Inc. are the top three holders in Rexnord Corporation (RXN) stock. On Mar 30, 2020, Janus Henderson Group PLC has 15.72 million shares which valued 356.34 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 10.0 million shares which valued at 226.61 million. On Mar 30, 2020, Blackrock Inc. has a total of 8.09 million shares which valued at 183.36 million. In the end, Blackrock Inc. have 6.73% shares outstanding of Rexnord Corporation (RXN) on Mar 30, 2020. The insider ownership moved to 1.10%.

The company posted an EPS (TTM) of 1.35. According to the most recent quarter report on (Jun 2020), 9 analysts estimated an average EPS of 0.27, while 0.48 EPS posted a year ago period. Analyst Estimated EPS for RXN published in the report was 0.15-0.34 during the same period. Comparing with last year, the average estimated EPS was 0.48 which is lower than 0.55 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for RXN rise 0.73% for period of 200 days. SMA for 50 days was 5.79% which is showing green signal, while SMA-20 was -2.89%. The moving average value for Rexnord Corporation (RXN) is 29.25 and 28.68 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in RXN stock. On Jun 08, Whaley Patricia M, Vice Pres.-General Counsel, sold 4,373 trading shares at the cost of $32.50, which valued at 0.14 million. On Jun 08, Zaba Kevin J, Group Ex., President-PMC, sold 71,228 shares at the cost of $31.70, with total shares of 61,714. On Jun 05, ADAMS TODD A., President & CEO, sold 72,440 shares at the cost of 32.29. After this transaction, ADAMS TODD A. total shares reached to 545,373 which valued at 2.34 million.