Royal Bank of Canada reiterated their buy rating on shares of Xylem (NYSE:XYL) in a research report report published on Thursday. Royal Bank of Canada currently has a $80.00 target price on the industrial products company’s stock.
Other analysts have also recently issued research reports about the stock. Canaccord Genuity reissued a hold rating and set a $56.00 price objective on shares of Xylem in a report on Friday, October 6th. Stifel Nicolaus reissued a hold rating and set a $63.00 price objective on shares of Xylem in a report on Friday, October 13th. Oppenheimer reissued a buy rating on shares of Xylem in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Xylem from a hold rating to a buy rating and set a $71.00 price objective on the stock in a report on Thursday, October 5th. Finally, Boenning Scattergood reissued a buy rating on shares of Xylem in a report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $65.92.
Shares of Xylem (XYL) opened at $69.23 on Thursday. The firm has a market cap of $12,433.71, a P/E ratio of 30.23, a P/E/G ratio of 1.65 and a beta of 1.18. Xylem has a 1-year low of $46.67 and a 1-year high of $69.88. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The firm’s revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. equities analysts forecast that Xylem will post 2.39 EPS for the current year.
In other news, insider Tomas Brannemo sold 2,260 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $67.75, for a total transaction of $153,115.00. Following the transaction, the insider now directly owns 10,975 shares in the company, valued at $743,556.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Colin R. Sabol sold 38,070 shares of Xylem stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of 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 90 days, insiders have sold 150,777 shares of company stock worth $10,097,757. Insiders own 0.75% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Invictus RG purchased a new position in Xylem in the 3rd quarter valued at $104,000. Harfst & Associates Inc. grew its position in Xylem by 26.1% in the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after buying an additional 503 shares during the last quarter. FNY Partners Fund LP grew its position in Xylem by 2,700.0% in the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,700 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Xylem in the 2nd quarter valued at $168,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in Xylem in the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.
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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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