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Equities researchers at Cowen and Company upped their target price on shares of Xylem (NYSE:XYL) from $42.00 to $48.00 in a research report issued on Tuesday. Cowen and Company’s price objective suggests a potential upside of 28.82% from the stock’s previous close.

Shares of Xylem (NYSE:XYL) traded up 1.40% during mid-day trading on Tuesday, hitting $37.78. 173,581 shares of the company’s stock traded hands. Xylem has a 1-year low of $24.95 and a 1-year high of $40.00. The stock has a 50-day moving average of $36.88 and a 200-day moving average of $37.34. The company has a market cap of $6.902 billion and a P/E ratio of 25.18.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $994.85 million. During the same quarter last year, the company posted $0.36 earnings per share. Xylem’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Xylem will post $1.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.128 per share. This represents a $0.51 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, September 8th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Xylem in a research note on Wednesday, August 27th. They now have a $40.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Xylem from $42.00 to $44.00 in a research note on Thursday, July 31st. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Xylem in a research note on Monday, June 23rd. They now have a $41.00 price target on the stock, up previously from $38.00. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Xylem has an average rating of “Buy” and an average target price of $39.46.

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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