Xylem Inc (XYL) Receives Average Rating of “Buy” from Brokerages

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.

A number of large investors have recently made changes to their positions in XYL. Invictus RG purchased a new position in shares of Xylem during the 3rd quarter worth approximately $104,000. Harfst & Associates Inc. grew its holdings in shares of Xylem by 26.1% during the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 503 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Xylem during the 2nd quarter worth approximately $168,000. FNY Partners Fund LP grew its holdings in shares of Xylem by 2,700.0% during the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 2,700 shares during the period. Finally, Federated Investors Inc. PA grew its holdings in shares of Xylem by 5.8% during the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 181 shares during the period. Institutional investors own 85.27% 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.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/20/xylem-inc-xyl-receives-average-rating-of-buy-from-brokerages.html.

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.

Analyst Recommendations for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply