Xylem Price Target Increased to $32.00 by Analysts at Janney Montgomery Scott (XYL)
Analysts at Janney Montgomery Scott increased their price objective on shares of Xylem (NYSE:XYL) from $28.00 to $32.00 in a research report issued to clients and investors on Thursday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Janney Montgomery Scott’s target price would indicate a potential upside of 11.54% from the company’s current price.
A number of other analysts have also recently weighed in on XYL. Analysts at Gabelli initiated coverage on shares of Xylem in a research note to investors on Monday, October 14th. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Xylem from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. They now have a $29.00 price target on the stock. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Xylem in a research note to investors on Thursday, September 26th. They now have a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.50.
Xylem (NYSE:XYL) traded up 1.24% on Thursday, hitting $28.69. 781,891 shares of the company’s stock traded hands. Xylem has a 52 week low of $23.41 and a 52 week high of $29.79. The stock has a 50-day moving average of $25.43 and a 200-day moving average of $27.27. The company has a market cap of $5.316 billion and a price-to-earnings ratio of 22.85.
Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.08. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $967.90 million. During the same quarter last year, the company posted $0.49 earnings per share. Xylem’s revenue was down .6% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, December 11th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $0.12 per share. This represents a $0.47 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, October 21st.
Xylem Inc (NYSE:XYL), formerly ITT WCO, Inc, is a provider of equipment and service for water and wastewater applications with a portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.
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