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Xylem (NYSE:XYL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday. They currently have a $41.00 price target on the stock, up from their previous price target of $38.00. Citigroup Inc.’s target price would indicate a potential upside of 3.35% from the company’s current price.

Shares of Xylem (NYSE:XYL) traded down 0.35% on Monday, hitting $39.5299. The stock had a trading volume of 471,019 shares. Xylem has a 52 week low of $23.61 and a 52 week high of $39.84. The stock’s 50-day moving average is $37.7 and its 200-day moving average is $36.39. The company has a market cap of $7.265 billion and a P/E ratio of 31.24.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 29th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.02. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $888.90 million. During the same quarter last year, the company posted $0.27 earnings per share. Xylem’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Xylem will post $1.96 earnings per share for the current fiscal year.

XYL has been the subject of a number of other recent research reports. Analysts at Wedbush upgraded shares of Xylem from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 30th. They now have a $42.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $42.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $38.46.

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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