Xylem (NYSE: XYL) has recently received a number of price target changes and ratings updates:

  • 8/9/2017 – Xylem had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $70.00 price target on the stock, up previously from $60.00.
  • 8/2/2017 – Xylem had its price target raised by analysts at Royal Bank Of Canada from $58.00 to $64.00. They now have an “outperform” rating on the stock.
  • 8/2/2017 – Xylem had its price target raised by analysts at Oppenheimer Holdings, Inc. from $60.00 to $66.00. They now have an “outperform” rating on the stock.
  • 8/2/2017 – Xylem had its price target raised by analysts at BMO Capital Markets from $60.00 to $65.00. They now have an “outperform” rating on the stock.
  • 8/1/2017 – Xylem had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $66.00 price target on the stock, up previously from $60.00.
  • 7/31/2017 – Xylem was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Xylem had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $50.00 price target on the stock.
  • 7/14/2017 – Xylem had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $60.00 price target on the stock.
  • 7/12/2017 – Xylem had its price target raised by analysts at Oppenheimer Holdings, Inc. from $58.00 to $60.00. They now have an “outperform” rating on the stock.
  • 7/6/2017 – Xylem had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $52.00 price target on the stock.
  • 7/4/2017 – Xylem was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “Over the last three months, Xylem's shares outperformed the Zacks categorized Machinery-General Industrial industry. Robust demand, greater innovation, increased end-market exposure and higher infrastructure spending of the government authorities in emerging countries (like India) are expected to bolster the company's revenues in the quarters ahead. In addition, solid top-line performances, greater productivity and increased cost discipline are likely to boost the company's profitability moving ahead. Notably, the company's strategic business buyouts are also anticipated to help in strengthening results in the quarters ahead. Over the last 60 days, the Zacks Consensus Estimate for the stock moved north for both 2017 and 2018, highlighting positive sentiments.”
  • 6/28/2017 – Xylem was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/21/2017 – Xylem is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $60.00 price target on the stock.
  • 6/20/2017 – Xylem was given a new $58.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.

Xylem Inc. (NYSE:XYL) opened at 58.98 on Friday. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $60.71. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 38.08 and a beta of 1.18. The stock has a 50 day moving average price of $56.66 and a 200 day moving average price of $51.89.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 7.08% and a return on equity of 16.02%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. Analysts anticipate that Xylem Inc. will post $2.37 EPS for the current fiscal year.

In other news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the transaction, the insider now directly owns 35,303 shares in the company, valued at $2,123,828.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the transaction, the director now owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

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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