Rexnord Corporation (NYSE:RXN) went down by -1.93% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Specialty Industrial Machinery giant went up by $29.49 to trade ended Wednesday trading at $30.07. This is down from the $30.07 price recorded on Tuesday’s trading session. Thanks to this latest performance, RXN is closer to the higher price 52-week target of $36.00 and further from the lowest price target of $28.00. Its performance from the start of the year has also been negative, with RXN down by -9.60% year-to-date.
Rexnord Corporation (RXN) started the day trading at $30.08 and recorded an intraday high of $30.33. It also recorded an intraday low of $29.44 during Wednesday’s trading session. Rexnord Corporation is a very active stock that recorded a trading volume that is more than 1.28% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 995248, which is more than 1.28 of the total average daily trading volume of 982.52K.
Rexnord Corporation (NYSE:RXN) 2020 Performance Impressive
The increase in RXN’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of RXN currently stands at $35.64, which is higher than the current trading price of the stock by 17.26%. However, RXN’s current trading price is -56.28% lower than the 52-week low price of $18.87. In terms of trading volume, Rexnord Corporation currently experienced healthy participation during the last trading session. 995248 shares of Rexnord Corporation were traded on the stock exchange on Wednesday, which is more than 1.28% of the 982.52K average trading volume of the stock.
The performance of the stock has been positive over the past year. RXN’s performance over the past one year has seen it surge by 1.41%, while the stock has gone down by -8.73% in the last six months. The quarterly performance of RXN currently stands at 8.42%, and it is up by 0.99% in the last month. The only negative figure was from the weekly performance, which currently reads -2.51%. At the time of writing RXN’s report, the company has a total market cap of $3.43B, making it one of the largest publicly-traded companies in the world.Rexnord Corporation also has over 6800 employees all over the world.
RXN Insider Activities
The insider transactions over the past six months are down by -326.20%.For Rexnord Corporation insiders bought 1,992,933 shares in 45 transactions. In that same period, insiders sold 1,852,898 of their shares in 41 transactions. After these transactions, insiders at Rexnord Corporation now hold 895.54k shares, which is over 104.37% of the total company stocks. Institutional investors currently hold a large chunk of the RXN shares, as they control 0.75% of the company’s total stock.
RXN Fundamental Analysis
For Rexnord Corporation, the stock’s diluted earnings per share (EPS) stands at 1.35. In the coming year, analysts expect the EPS to be 1.87. The EPS growth will slow down over the next five years to -0.20% after surging by 9.00% in the previous five years. In terms of revenue, Rexnord Corporation’s quarterly sales (YOY) is growing at 0.27, which is lower than the average annual revenue of 9.00% over the past half a decade.
The Return on Investment (ROI) on Rexnord Corporation’s stock currently stands at 10.10%, and it has a net profit margin of 8.00%. The operating margin of the company is 16.20%, and its gross margin is 39.50%.
RXN Analysts Prediction
Robert W. Baird reiterate their Neutral position on the stock ($33 and $29)
Deutsche Bank and Janney also believe that Rexnord Corporation’s stock is outperforming at the moment.
At the moment, Rexnord Corporation’s Total Debt to Equity ratio stands at 1.12, and they have a long-term Debt to Equity ratio of 1.07.
RXN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of RXN currently stands at -1.31%, while the SMA50 is 7.91%. The biggest one is the SMA200, which is currently reading 1.83% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 52.28, while its price to earnings ratio (P/E) is 21.84.
