Xylem (NYSE:XYL) had its target price lifted by equities researchers at Credit Suisse Group from $62.00 to $69.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm currently has an “underperform” rating on the industrial products company’s stock. Credit Suisse Group’s target price points to a potential downside of 5.45% from the stock’s current price.
A number of other research firms have also commented on XYL. Vertical Research upgraded shares of Xylem from a “sell” rating to a “hold” rating in a research note on Friday, May 15th. Stifel Nicolaus dropped their price target on Xylem from $87.00 to $79.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Royal Bank of Canada reaffirmed a “buy” rating on shares of Xylem in a research report on Thursday, July 2nd. Janney Montgomery Scott boosted their target price on Xylem from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group upped their price target on Xylem from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.64.
Shares of NYSE XYL opened at $72.98 on Friday. The business has a 50-day moving average price of $68.30 and a 200 day moving average price of $71.87. The stock has a market cap of $13.13 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 3.92 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 1.06. Xylem has a 52-week low of $54.62 and a 52-week high of $89.34.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Xylem had a return on equity of 14.72% and a net margin of 5.09%. Sell-side analysts anticipate that Xylem will post 1.91 earnings per share for the current year.
In other news, SVP Colin R. Sabol sold 2,066 shares of the stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $75.00, for a total value of $154,950.00. Following the completion of the transaction, the senior vice president now owns 31,185 shares in the company, valued at approximately $2,338,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.01% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank increased its holdings in Xylem by 8.8% in the second quarter. Comerica Bank now owns 38,445 shares of the industrial products company’s stock valued at $2,861,000 after buying an additional 3,099 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Xylem during the 2nd quarter worth approximately $201,000. Flagship Harbor Advisors LLC grew its holdings in shares of Xylem by 36.9% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,603 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 432 shares during the period. UBS Group AG increased its stake in Xylem by 27.8% in the 2nd quarter. UBS Group AG now owns 311,530 shares of the industrial products company’s stock valued at $20,237,000 after purchasing an additional 67,698 shares in the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC increased its stake in Xylem by 6.1% in the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 12,675 shares of the industrial products company’s stock valued at $814,000 after purchasing an additional 734 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
See Also: Retained Earnings
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