Xylem (NYSE:XYL) was downgraded by research analysts at BB&T Corp. from a “buy” rating to a “hold” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Brean Capital downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Analysts at Janney Montgomery Scott raised their price target on shares of Xylem from $30.00 to $32.00 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.25.
Shares of Xylem (NYSE:XYL) traded down 1.72% during mid-day trading on Tuesday, hitting $25.10. Xylem has a one year low of $22.43 and a one year high of $29.79. The stock’s 50-day moving average is currently $27.73. The company has a market cap of $4.651 billion and a P/E ratio of 17.37.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.08. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $967.90 million. During the same quarter last year, the company posted $0.49 earnings per share. Xylem’s revenue was down .6% compared to the same quarter last year. Xylem has set its FY13 guidance at $1.40-1.50 EPS. Analysts expect that Xylem will post $1.82 EPS for the current fiscal year.
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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