Xylem (XYL) Getting Somewhat Favorable News Coverage, Report Shows
Headlines about Xylem (NYSE:XYL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Xylem earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.3876836112852 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
XYL has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating and set a $70.00 target price on shares of Xylem in a research report on Thursday, September 21st. Robert W. Baird reaffirmed a “hold” rating and set a $67.00 target price on shares of Xylem in a research report on Wednesday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $71.00 target price (up from $64.00) on shares of Xylem in a research report on Wednesday, October 4th. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Thursday, October 5th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $56.00 target price on shares of Xylem in a research report on Friday, October 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.92.
Xylem (XYL) traded up $0.08 on Tuesday, hitting $70.54. The stock had a trading volume of 940,098 shares, compared to its average volume of 780,640. The company has a market cap of $12,654.62, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Xylem has a 52-week low of $46.67 and a 52-week high of $71.49.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. research analysts forecast that Xylem will post 2.39 earnings per share for the current fiscal year.
In related news, Director Steven R. Loranger sold 17,139 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the transaction, the director now directly owns 26,150 shares in the company, valued at approximately $1,780,815. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Colin R. Sabol sold 38,070 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total value of $2,505,386.70. Following the transaction, the insider now owns 61,979 shares in the company, valued at $4,078,837.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,777 shares of company stock valued at $10,097,757. Corporate insiders own 0.75% of the company’s stock.
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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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