Xylem Inc. (XYL) Price Target Increased to $76.00 by Analysts at BMO Capital Markets
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.
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.
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