Xylem (NYSE:XYL) : The consensus on Xylem (NYSE:XYL) based on 14 analyst recommendation on the company stock is 2.07, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Xylem (NYSE:XYL) : Average target price received by Xylem (NYSE:XYL) is $45.64 with an expected standard deviation of $4.8. The most aggressive target on the stock is $52, whereas the most downbeat target is $39. 11 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Wedbush downgrades its rating on Xylem (NYSE:XYL).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 11, 2016.
Xylem (NYSE:XYL): stock turned positive on Tuesday. Though the stock opened at $43.21, the bulls momentum made the stock top out at $43.34 level for the day. The stock recorded a low of $42.82 and closed the trading day at $43.06, in the green by 0.80%. The total traded volume for the day was 1,596,888. The stock had closed at $42.72 in the previous days trading.
In an insider trading activity,The director of Xylem Inc., Loranger Steven R sold 50,000 shares at $44.52 on June 1, 2016. The Insider selling transaction had a total value worth of $2,226,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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).