Xylem (XYL) has an average broker rating of 2, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Xylem (XYL) stock is expected to deviate a maximum of $4.06 from the average target price of $50.64 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $56 and the most muted being $45.
Also, Equity Analysts at the Atlantic Equities upgrades the rating on Xylem (NYSE:XYL). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 22, 2016.
Xylem (NYSE:XYL): After opening at $49.54, the stock dipped to an intraday low of $49.46 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $50.47 and the buying power remained strong till the end. The stock closed at $50.26 for the day, a gain of 1.56% for the day session. The total traded volume was 778,197. The stocks close on the previous trading day was $49.49.
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).