Xylem Inc (XYL) Receives $52.67 Consensus Price Target from Brokerages

Xylem Inc (NYSE:XYL) has earned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the company. Seven analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $52.67.

Several research analysts recently weighed in on XYL shares. Royal Bank of Canada reissued a “buy” rating and set a $57.00 price objective on shares of Xylem in a research note on Sunday, March 12th. Goldman Sachs Group Inc started coverage on shares of Xylem in a research note on Wednesday, March 8th. They set a “neutral” rating and a $52.00 price objective on the stock. Cowen and Company lifted their price objective on shares of Xylem from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, March 24th. Gabelli lowered shares of Xylem from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Finally, Zacks Investment Research lowered shares of Xylem from a “hold” rating to a “sell” rating in a research note on Thursday, January 12th.

In other Xylem news, insider Tomas Brannemo sold 819 shares of Xylem stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $48.46, for a total value of $39,688.74. Following the transaction, the insider now owns 18,877 shares of the company’s stock, valued at $914,779.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.77% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Xylem by 170.3% in the third quarter. Bank of Montreal Can now owns 336,058 shares of the industrial products company’s stock worth $17,625,000 after buying an additional 211,713 shares during the last quarter. Parkwood LLC bought a new position in shares of Xylem during the third quarter worth $280,000. Rathbone Brothers plc raised its position in shares of Xylem by 3.1% in the third quarter. Rathbone Brothers plc now owns 47,200 shares of the industrial products company’s stock worth $2,476,000 after buying an additional 1,400 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Xylem by 14.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,219 shares of the industrial products company’s stock worth $169,000 after buying an additional 416 shares during the last quarter. Finally, Cypress Asset Management Inc. TX bought a new position in shares of Xylem during the third quarter worth $227,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Xylem (NYSE:XYL) traded up 0.86% on Tuesday, reaching $50.65. 1,500,467 shares of the company’s stock traded hands. The stock has a market capitalization of $9.09 billion, a PE ratio of 34.93 and a beta of 1.21. The firm’s 50-day moving average is $49.25 and its 200 day moving average is $49.75. Xylem has a 52-week low of $40.95 and a 52-week high of $54.99.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, February 2nd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. Xylem had a net margin of 6.89% and a return on equity of 16.64%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts forecast that Xylem will post $2.29 EPS for the current year.

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About Xylem

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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