Xylem Inc (XYL) Given Average Recommendation of “Buy” by Brokerages
Xylem Inc (NYSE:XYL) has been given a consensus recommendation of “Buy” by the fifteen ratings firms that are currently covering the stock. Seven investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $52.67.
XYL has been the topic of several recent research reports. CIBC reissued a “buy” rating and issued a $58.00 price objective on shares of Xylem in a research note on Thursday, April 6th. Oppenheimer Holdings Inc. set a $58.00 price objective on shares of Xylem and gave the company a “buy” rating in a research note on Wednesday, April 5th. Royal Bank of Canada reissued a “buy” rating and issued a $57.00 price objective on shares of Xylem in a research note on Sunday, March 12th. Gabelli cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $50.00 price objective on shares of Xylem in a research note on Wednesday, February 8th.
In other news, insider Tomas Brannemo sold 819 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $48.46, for a total transaction of $39,688.74. Following the transaction, the insider now directly owns 18,877 shares of the company’s stock, valued at approximately $914,779.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.77% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Howland Capital Management LLC bought a new position in Xylem during the first quarter worth $225,000. Asset Planning Services Ltd. boosted its position in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares during the period. Mountain Pacific Investment Advisers Inc. ID boosted its position in Xylem by 12.2% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 427,796 shares of the industrial products company’s stock worth $21,484,000 after buying an additional 46,600 shares during the period. Peoples Financial Services CORP. boosted its position in Xylem by 3.2% in the first quarter. Peoples Financial Services CORP. now owns 6,463 shares of the industrial products company’s stock worth $324,000 after buying an additional 200 shares during the period. Finally, Cribstone Capital Management LLC boosted its position in Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock worth $124,000 after buying an additional 2,247 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.
Xylem (NYSE:XYL) traded down 0.49% during trading on Tuesday, hitting $49.22. 685,467 shares of the stock traded hands. The company’s 50 day moving average price is $49.19 and its 200-day moving average price is $49.77. Xylem has a 52-week low of $40.95 and a 52-week high of $54.99. The stock has a market cap of $8.83 billion, a P/E ratio of 33.94 and a beta of 1.21.
Xylem (NYSE:XYL) last announced its quarterly earnings data 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. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Xylem had a net margin of 6.89% and a return on equity of 16.64%. Xylem’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Equities research analysts forecast that Xylem will post $2.29 earnings per share for the current fiscal year.
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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.
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