Xylem (XYL) : 12 analysts are covering Xylem (XYL) and their average rating on the stock is 1.92, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Xylem (XYL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Xylem (XYL) : The consensus price target for Xylem (XYL) is $47.6 for the short term with a standard deviation of $3.34. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $52, however, the pessimist price target for the company is $42.
For the current week, the company shares have a recommendation consensus of Buy. Xylem (NYSE:XYL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.00 and $48.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.54, notching a gain of 1.36% for the day. The total traded volume was 886,332 . The stock had closed at $47.89 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Xylem Inc., Loranger Steven R had sold 32,246 shares worth of $1,548,130 in a transaction dated July 28, 2016. In this transaction, 32,246 shares were sold at $48.01 per share.
Xylem Inc. is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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. The Company is an equipment and service provider in various application areas of the water equipment industry: transport, treatment, test, building services, industrial processing and irrigation. The Companys water market brands, such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection, distribution and return) and Applied Water (usage).