Shares of Xylem Inc (NYSE:XYL) have been assigned an average recommendation of “Buy” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $67.44.
XYL has been the subject of several research analyst reports. Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a research note on Wednesday, November 1st. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Thursday, October 5th. Oppenheimer reaffirmed a “buy” rating on shares of Xylem in a research note on Tuesday, October 31st. Boenning Scattergood reaffirmed a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 price target on shares of Xylem in a research note on Thursday, January 4th.
In related news, insider Colin R. Sabol sold 38,070 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the transaction, the insider now owns 61,979 shares in the company, valued at approximately $4,078,837.99. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven R. Loranger sold 37,700 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $66.25, for a total value of $2,497,625.00. Following the transaction, the director now owns 58,831 shares in the company, valued at approximately $3,897,553.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,777 shares of company stock worth $10,097,757. Company insiders own 0.75% of the company’s stock.
Shares of Xylem (XYL) traded up $0.80 during mid-day trading on Friday, reaching $71.91. The company’s stock had a trading volume of 1,220,876 shares, compared to its average volume of 805,421. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76. Xylem has a 52-week low of $46.67 and a 52-week high of $75.16. The company has a market capitalization of $12,920.00, a price-to-earnings ratio of 41.81, a P/E/G ratio of 1.69 and a beta of 1.18.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue was up 33.2% compared to the same quarter last year. equities analysts expect that Xylem will post 2.39 earnings per share for the current fiscal year.
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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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