Oppenheimer analyst Bryan Blair reiterated a Buy rating on Rexnord (NYSE:RXN) on Wednesday, setting a price target of $68, which is approximately 14.79% above the present share price of $59.24.
Blair expects Rexnord to post earnings per share (EPS) of $0.61 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Rexnord, with an average price target of $63.
The analysts price targets range from a high of $70 to a low of $58.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $568.3 million and a net profit of $104.7 million. The company's market cap is $7.17 billion.
According to TipRanks.com, Oppenheimer analyst Bryan Blair is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.9% and a 72.08% success rate.
Rexnord Corp . engages in the manufacture of engineered power transmission, aerospace, and other precision motion technology products. It operates through the Process and Motion Control, and Water Management segments. The Process and Motion Control segment designs, manufactures and markets engineered mechanical components such as gears, couplings, industrial, aerospace bearings, and seals which are used within complex systems. The Water Management segment designs, procures, manufactures and markets products for water quality, safety, flow control enhancements, and conservation. The company was founded by Christopher W. Levalley, F. W. Sivyer and W. A. Draves in 1891 and is headquartered in Milwaukee, WI.