Xylem Inc. (XYL) Given Consensus Rating of “Buy” by Analysts
Xylem Inc. (NYSE:XYL) has been given a consensus recommendation of “Buy” by the fifteen research firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $66.90.
A number of research analysts recently issued reports on XYL shares. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Thursday, October 5th. Robert W. Baird reiterated a “hold” rating and issued a $67.00 target price on shares of Xylem in a research note on Wednesday, October 4th. Cowen reiterated a “buy” rating and issued a $70.00 target price on shares of Xylem in a research note on Thursday, September 21st. Oppenheimer reiterated a “buy” rating on shares of Xylem in a research note on Tuesday, October 31st. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a research note on Wednesday, November 1st.
In other news, insider Colin R. Sabol sold 38,070 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the transaction, the insider now directly owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Curtis J. Crawford sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $66.44, for a total transaction of $498,300.00. Following the transaction, the director now directly owns 52,385 shares of the company’s stock, valued at $3,480,459.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,270 shares of company stock valued at $5,501,312. Insiders own 0.75% of the company’s stock.
Shares of Xylem (NYSE:XYL) traded down $0.33 on Friday, hitting $69.01. 674,787 shares of the stock traded hands, compared to its average volume of 1,210,300. Xylem has a 52 week low of $46.67 and a 52 week high of $69.69. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm has a market cap of $12,450.00, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business posted $0.54 EPS. Xylem’s revenue was up 33.2% compared to the same quarter last year. research analysts anticipate that Xylem will post 2.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is presently 41.86%.
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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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