Xylem Inc. (NYSE:XYL) had its price objective increased by research analysts at BMO Capital Markets from $74.00 to $76.00 in a report released on Wednesday. The brokerage currently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 14.23% from the company’s previous close.

A number of other research analysts have also commented on XYL. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Xylem in a report on Tuesday. Cowen and Company reissued an “outperform” rating and set a $70.00 price objective (up previously from $60.00) on shares of Xylem in a report on Wednesday, August 9th. BidaskClub lowered Xylem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird reissued a “hold” rating and set a $67.00 price objective on shares of Xylem in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada increased their price objective on Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Xylem has a consensus rating of “Buy” and a consensus target price of $63.46.

Xylem (XYL) traded up 0.03% during trading on Wednesday, reaching $66.37. The company had a trading volume of 392,538 shares. The company has a market capitalization of $11.92 billion, a P/E ratio of 42.85 and a beta of 1.17. The stock has a 50 day moving average of $64.09 and a 200-day moving average of $57.65. Xylem has a 12 month low of $46.67 and a 12 month high of $67.64.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. Equities research analysts expect that Xylem will post $2.38 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Xylem Inc. (XYL) Price Target Increased to $76.00 by Analysts at BMO Capital Markets” was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://theolympiareport.com/2017/11/01/xylem-inc-xyl-price-target-increased-to-76-00-by-analysts-at-bmo-capital-markets.html.

In related news, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares in the company, valued at approximately $2,123,828.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Chilton Investment Co. LLC boosted its stake in Xylem by 83.8% during the 2nd quarter. Chilton Investment Co. LLC now owns 983,214 shares of the industrial products company’s stock valued at $54,500,000 after purchasing an additional 448,212 shares during the period. Clinton Group Inc. bought a new stake in shares of Xylem in the 2nd quarter worth approximately $3,292,000. Swiss National Bank lifted its position in shares of Xylem by 2.9% in the 2nd quarter. Swiss National Bank now owns 653,822 shares of the industrial products company’s stock worth $36,241,000 after acquiring an additional 18,200 shares during the period. Highland Capital Management LLC bought a new stake in shares of Xylem in the 2nd quarter worth approximately $560,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Xylem by 17.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock worth $151,210,000 after acquiring an additional 396,854 shares during the period. Hedge funds and other institutional investors own 86.59% 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.

Analyst Recommendations for Xylem (NYSE:XYL)

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