Xylem (XYL) Receives Daily Coverage Optimism Score of 0.17
News stories about Xylem (NYSE:XYL) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xylem earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.168317651695 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Xylem Inc. (XYL) Earns “Buy” Rating from Cowen and Company (americanbankingnews.com)
- Xylem : commits $1 million in expanded support for relief efforts in response to Hurricanes Harvey and Irma, and flooding in South Asia (4-traders.com)
- Xylem names new top exec at Raleigh’s Sensus (finance.yahoo.com)
- Xylem commits $1 million in expanded support for relief efforts in response to Hurricanes Harvey and Irma, and flooding in South Asia (finance.yahoo.com)
- Colin Sabol appointed President of Xylem’s Sensus & Analytics businesses (finance.yahoo.com)
XYL has been the subject of several analyst reports. BMO Capital Markets upped their price objective on Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Cowen and Company reaffirmed a “buy” rating and set a $70.00 price objective on shares of Xylem in a research note on Thursday. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price objective on shares of Xylem in a research note on Friday, July 28th. Royal Bank Of Canada increased their target price on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $52.00 target price on shares of Xylem in a research note on Friday, May 26th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $59.67.
Xylem (NYSE XYL) opened at 64.75 on Friday. The stock’s 50 day moving average price is $60.96 and its 200-day moving average price is $54.45. The stock has a market capitalization of $11.63 billion, a P/E ratio of 41.80 and a beta of 1.17. Xylem has a 52 week low of $45.60 and a 52 week high of $64.80.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities research analysts expect that Xylem will post $2.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. Xylem’s dividend payout ratio (DPR) is presently 46.45%.
In related news, Director Steven R. Loranger sold 66,132 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. 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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