Shares of Rexnord Corporation (NYSE:RXN) traded at a new 52-week high today of $64.53. So far today approximately 109,000 shares have been exchanged, as compared to an average 30-day volume of 640,000 shares.
In the past 52 weeks, Rexnord Corporation share prices are bracketed by a low of $28.10 and a high of $64.53 and is now at $63.02, 124% above that low price.
Rexnord Corporation (NYSE:RXN) is currently priced 28.6% above its average consensus analyst price target of $44.98.
Rexnord Corp is a U.S. based company that primarily operates through two segments. Its Process and motion control segment designs, manufactures, and distributes specified mechanical components that are used in complex systems, as well as providing related services. This segment’s customers come from food and beverage, aerospace, mining, energy and power generation, and other industries. The Water management segment manufactures and markets products that can help enhance water quality and conservation. This segment’s target customers primarily include nonresidential buildings and water and wastewater treatment infrastructures. The company generates most of its revenue from American and European markets.
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