Xylem PT Raised to $48.00 (XYL)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.