Xylem Rating Increased to Buy at Brean Capital (XYL)
Xylem (NYSE:XYL) was upgraded by research analysts at Brean Capital from a “hold” rating to a “buy” rating in a report released on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $44.00 target price on the stock. Brean Capital’s price target would indicate a potential upside of 52.09% from the company’s current price.
A number of other analysts have also recently weighed in on XYL. Analysts at Janney Montgomery Scott raised their price target on shares of Xylem from $28.00 to $32.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.71.
Xylem (NYSE:XYL) traded up 13.20% on Tuesday, hitting $32.75. The stock had a trading volume of 4,651,141 shares. 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 $6.068 billion and a P/E ratio of 23.33.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $918.70 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Xylem will post $1.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 11th. Investors of record on Wednesday, October 23rd will be given a dividend of $0.12 per share. This represents a $0.47 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend 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.