Rexnord Corporation (NYSE:RXN) went up by 4.52% from its latest closing price when compared to the 1-year high value of $35.64 and move down -17.74%, while RXN stocks collected 2.37% of gains with the last five trading sessions. Press Release reported on 07/28/20 that Rexnord Reports June Quarter 2020 Financial Results
Rexnord Corporation (NYSE:RXN) Worth an Investment?
Rexnord Corporation (NYSE: RXN) scored price to earnings ratio above its average ratio, recording 23.32 times of increase in earnings at the present.
RXN Market Performance
RXN stocks went up by 2.37% for the week, with the monthly jump of 3.03% and a quarterly performance of -4.06%, while its annual performance rate touched 18.33%. The simple moving average for the period of the last 20 days is 1.07% for RXN stocks with the simple moving average of 3.00% for the last 200 days.
Analysts’ Opinion on Rexnord Corporation (NYSE:RXN)
Many brokerage firms have already submitted their reports for RXN stocks, with Deutsche Bank repeating the rating for RXN shares by setting it to “Buy”. The predicted price for RXN socks in the upcoming period according to Deutsche Bank is $34 based on the research report published on July 14, 2020.
BofA/Merrill, on the other hand, stated in their research note that they expect to see RXN stock at the price of $34. The rating they have provided for RXN stocks is “Neutral” according to the report published on May 26, 2020.
Robert W. Baird gave “ Outperform” rating to RXN stocks, setting the target price at $34 in the report published on January 29, 2020.
RXN Stocks 2.76% Far from 50 Day Moving Average
After a stumble in the market that brought RXN to its low price for the period of the last 52 weeks, Rexnord Corporation was unable to take a rebound, for now settling with -15.07% of loss for the given period.
The stock volatility was left at 2.84%, however, within the period of a single month, the volatility rate increased by 3.07%, while the shares surge at the distance of +5.58% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +2.89% upper at the present time.
In the course of the last 5 trading sessions, RXN went up by +2.37%, which changed the moving average for the period of 200 days to the total of +0.67% of gains for the stock in comparison to the 20-day moving average settled at $30.03. In addition, Rexnord Corporation saw -7.20% in overturn over the period of a single year with a tendency to cut further losses.
RXN Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Rexnord Corporation (RXN), starting from MOORE GEORGE C, who sold 3,000 shares at the price of $30.50 back on Aug 07. After this action, Rushing now owns 38,468 shares of Rexnord Corporation, valued at $91,500 with the latest closing price.
Zaba Kevin J, the Group Ex., President-PMC of Rexnord Corporation, sold 71,228 shares at the value of $31.70 during a trade that took place back on Jun 08, which means that Zaba Kevin J is holding 61,714 shares at the value of $2,257,707 based on the most recent closing price.
RXN Stock Fundamentals
The current profitability levels are settled at +17.03 for the present operating margin and +37.96 for gross margin. The net margin for Rexnord Corporation stands at +8.79. Total capital return value is set at 13.21, while invested capital returns managed to touch 6.94. Equity return holds the value 12.00%, with 4.70% for asset returns.
Based on Rexnord Corporation (RXN), the company’s capital structure generated 118.41 points for debt to equity in total, while total debt to capital is set at the value of 54.21. Total debt to assets is settled at the value of 42.80 with long-term debt to equity ratio rests at 6.01 and long-term debt to capital is 111.60.
The value for Enterprise to Sales is 1.84 with debt to enterprise value settled at 0.41. The receivables turnover for Rexnord Corporation is 6.12 with the total asset turnover at the value of 0.60. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.78.