Xylem Inc. (XYL) Rating Reiterated by Royal Bank Of Canada
Xylem Inc. (NYSE:XYL)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Wednesday. They currently have a $71.00 target price on the industrial products company’s stock, up from their previous target price of $64.00. Royal Bank Of Canada’s price objective points to a potential upside of 10.04% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the stock. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. BMO Capital Markets initiated coverage on shares of Xylem in a research report on Wednesday, June 21st. They set an “outperform” rating and a $60.00 price objective for the company. Boenning Scattergood reaffirmed an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 price objective on shares of Xylem in a research report on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. set a $58.00 price objective on shares of Xylem and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $60.77.
Xylem (NYSE XYL) traded up 0.92% during mid-day trading on Wednesday, hitting $64.52. 1,024,555 shares of the stock traded hands. The stock has a 50-day moving average price of $62.09 and a 200-day moving average price of $55.55. Xylem has a 12 month low of $45.60 and a 12 month high of $64.80. The stock has a market cap of $11.59 billion, a P/E ratio of 41.65 and a beta of 1.17.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. On average, equities analysts forecast that Xylem will post $2.37 earnings per share for the current year.
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In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the sale, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.75% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Harfst & Associates Inc. raised its holdings in shares of Xylem by 26.1% in the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 503 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of Xylem by 160.3% in the 2nd quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 1,635 shares in the last quarter. FNY Partners Fund LP acquired a new stake in shares of Xylem in the 1st quarter valued at $151,000. Tower Research Capital LLC TRC acquired a new stake in shares of Xylem in the 2nd quarter valued at $168,000. Finally, Federated Investors Inc. PA raised its holdings in shares of Xylem by 5.8% in the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.
Xylem Company Profile
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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