Canaccord Genuity reaffirmed their hold rating on shares of Xylem Inc. (NYSE:XYL) in a report published on Friday. The firm currently has a $50.00 price target on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on XYL. Oppenheimer Holdings, Inc. set a $58.00 price objective on shares of Xylem and gave the company a buy rating in a report on Wednesday, April 5th. CIBC reaffirmed a buy rating and issued a $58.00 price target on shares of Xylem in a report on Thursday, April 6th. Barclays PLC raised shares of Xylem from an equal weight rating to an overweight rating and upped their price target for the company from $51.00 to $59.00 in a report on Monday, May 15th. Stifel Nicolaus reaffirmed a hold rating and issued a $52.00 price target on shares of Xylem in a report on Friday, May 26th. Finally, Boenning Scattergood reaffirmed a buy rating and issued a $55.00 price target on shares of Xylem in a report on Wednesday, June 7th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $56.85.

Shares of Xylem (XYL) opened at 56.73 on Friday. The company has a 50 day moving average price of $55.34 and a 200 day moving average price of $51.31. Xylem has a 1-year low of $45.60 and a 1-year high of $58.22. The stock has a market cap of $10.20 billion, a P/E ratio of 40.81 and a beta of 1.18.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts anticipate that Xylem will post $2.31 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/xylem-inc-xyl-rating-reiterated-by-canaccord-genuity/1465039.html.

In related news, insider Tomas Brannemo sold 14,080 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $50.36, for a total transaction of $709,068.80. Following the completion of the transaction, the insider now owns 21,000 shares in the company, valued at approximately $1,057,560. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction dated 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 approximately $3,577,300.30. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Trust Co. increased its position in Xylem by 4.7% in the second quarter. Cambridge Trust Co. now owns 161,060 shares of the industrial products company’s stock valued at $8,927,000 after buying an additional 7,178 shares during the period. Bowen Hanes & Co. Inc. increased its position in Xylem by 147.3% in the second quarter. Bowen Hanes & Co. Inc. now owns 30,485 shares of the industrial products company’s stock valued at $1,690,000 after buying an additional 18,160 shares during the period. Perennial Advisors LLC increased its position in Xylem by 4.7% in the second quarter. Perennial Advisors LLC now owns 35,085 shares of the industrial products company’s stock valued at $1,945,000 after buying an additional 1,590 shares during the period. Retirement Systems of Alabama increased its position in Xylem by 0.4% in the second quarter. Retirement Systems of Alabama now owns 87,134 shares of the industrial products company’s stock valued at $4,830,000 after buying an additional 381 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its position in Xylem by 107.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 182,338 shares of the industrial products company’s stock valued at $10,107,000 after buying an additional 94,266 shares during the period. Hedge funds and other institutional investors own 85.76% 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.

Analyst Recommendations for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.