Xylem (XYL) Receives Hold Rating from Canaccord Genuity

Xylem (NYSE:XYL)‘s stock had its “hold” rating reissued by equities researchers at Canaccord Genuity in a research note issued on Sunday. They currently have a $75.00 price target on the industrial products company’s stock. Canaccord Genuity’s price objective points to a potential upside of 2.11% from the company’s previous close.

A number of other equities analysts have also issued reports on XYL. Robert W. Baird reaffirmed a “hold” rating and set a $67.00 price target on shares of Xylem in a research note on Wednesday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $71.00 price target (up from $64.00) on shares of Xylem in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Thursday, October 5th. Stifel Nicolaus reiterated a “hold” rating and set a $63.00 price objective on shares of Xylem in a research report on Friday, October 13th. Finally, Oppenheimer reiterated a “buy” rating on shares of Xylem in a research report on Tuesday, October 31st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Xylem currently has an average rating of “Buy” and a consensus target price of $68.08.

Shares of Xylem (NYSE:XYL) traded down $0.96 during mid-day trading on Friday, reaching $73.45. The company had a trading volume of 248,716 shares, compared to its average volume of 790,945. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26. The company has a market cap of $13,200.00, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18. Xylem has a 1-year low of $46.67 and a 1-year high of $75.16.

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, beating analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. sell-side analysts forecast that Xylem will post 2.39 EPS for the current fiscal year.

In other news, 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 value of $498,300.00. Following the sale, the director now directly owns 52,385 shares of the company’s stock, valued at $3,480,459.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $2,505,386.70. Following the completion of the sale, the insider now directly owns 61,979 shares in the company, valued at $4,078,837.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,777 shares of company stock worth $10,097,757. 0.75% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of XYL. Wells Fargo & Company MN grew its position in shares of Xylem by 8.4% in the second quarter. Wells Fargo & Company MN now owns 182,960 shares of the industrial products company’s stock valued at $10,141,000 after purchasing an additional 14,203 shares during the last quarter. FMR LLC grew its position in shares of Xylem by 7.7% in the second quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock valued at $179,541,000 after purchasing an additional 232,139 shares during the last quarter. Suntrust Banks Inc. grew its position in shares of Xylem by 31.8% in the second quarter. Suntrust Banks Inc. now owns 21,375 shares of the industrial products company’s stock valued at $1,183,000 after purchasing an additional 5,152 shares during the last quarter. Cibc World Markets Corp grew its position in shares of Xylem by 35.6% in the second quarter. Cibc World Markets Corp now owns 25,403 shares of the industrial products company’s stock valued at $1,408,000 after purchasing an additional 6,671 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Xylem by 3.3% in the second quarter. Nordea Investment Management AB now owns 15,355 shares of the industrial products company’s stock valued at $851,000 after purchasing an additional 494 shares during the last quarter. 85.55% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Xylem (NYSE:XYL)

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