Equities researchers at Stifel Nicolaus started coverage on shares of Xylem (NYSE:XYL) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company initiated coverage on shares of Xylem in a research note to investors on Tuesday. They set an “outperform” rating and a $40.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Xylem from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, November 7th. They now have a $40.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, November 5th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $35.90.
Shares of Xylem (NYSE:XYL) opened at 34.15 on Wednesday. Xylem has a 1-year low of $23.61 and a 1-year high of $34.66. The stock’s 50-day moving average is $30.64 and its 200-day moving average is $27.95. The company has a market cap of $6.300 billion and a price-to-earnings ratio of 27.32.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.13. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $918.70 million. During the same quarter last year, the company posted $0.44 earnings per share. Xylem’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that Xylem will post $1.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, December 11th. Investors of record on Wednesday, October 23rd will be paid a dividend of $0.12 per share. This represents a $0.47 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, October 21st.
Xylem Inc (NYSE:XYL), formerly ITT WCO, Inc, is a provider of equipment and service for water and wastewater applications with a portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.
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