Investment

Xylem (NYSE:XYL) Upgraded at Zacks Investment Research


Xylem (NYSE:XYL – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports. The firm presently has a $89.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 6.07% from the company’s current price.

According to Zacks, “Xylem’s first-quarter 2022 earnings beat the Zacks Consensus Estimate by 11.9%, while revenues beat the same by 3.7%. The company is well-poised to benefit from solid product offerings, focus on innovation and a diversified business structure in the quarters ahead. Further, the company’s effective pricing actions and shareholder-friendly policies raise its appeal. For 2022, the company anticipates total revenues of $5.25-$5.35 billion, with organic sales growth of 4-6%. Adjusted earnings per share are anticipated to be $2.40-$2.70, reflecting changes of (3.5%)-8% from the previous year. Supply-chain woes (especially related to shortages of chips) are expected to continue affecting 2022 results, mainly in the first half. Cost inflation is also likely to be worrisome. In the past six months, its shares have underperformed the industry.”

A number of other research firms also recently weighed in on XYL. Mizuho decreased their price objective on Xylem from $115.00 to $85.00 in a report on Friday, May 6th. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 5th. TheStreet downgraded Xylem from a “b” rating to a “c+” rating in a report on Monday, February 7th. Stifel Nicolaus decreased their price objective on Xylem from $100.00 to $90.00 and set a “hold” rating for the company in a report on Monday, April 18th. Finally, StockNews.com began coverage on Xylem in a report on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.90.

Shares of NYSE:XYL opened at $83.91 on Thursday. The company has a fifty day moving average of $85.29 and a 200-day moving average of $102.87. The company has a market capitalization of $15.11 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.62. Xylem has a 52-week low of $80.00 and a 52-week high of $138.78.

Xylem (NYSE:XYL – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. Xylem had a net margin of 8.10% and a return on equity of 13.80%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. On average, equities analysts forecast that Xylem will post 2.56 EPS for the current fiscal year.

In other news, SVP Colin R. Sabol sold 4,233 shares of the stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $83.05, for a total transaction of $351,550.65. Following the transaction, the senior vice president now owns 27,373 shares of the company’s stock, valued at approximately $2,273,327.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Moors & Cabot Inc. lifted its position in Xylem by 309.6% in the 3rd quarter. Moors & Cabot Inc. now owns 28,000 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 21,164 shares in the last quarter. Advisory Services Network LLC lifted its position in Xylem by 15.5% in the 3rd quarter. Advisory Services Network LLC now owns 2,998 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 402 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Xylem by 22.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 64,791 shares of the industrial products company’s stock valued at $8,101,000 after acquiring an additional 11,698 shares in the last quarter. Mackenzie Financial Corp lifted its position in Xylem by 42.5% in the 3rd quarter. Mackenzie Financial Corp now owns 10,946 shares of the industrial products company’s stock valued at $1,354,000 after acquiring an additional 3,265 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in Xylem in the 3rd quarter valued at about $224,000. 83.83% of the stock is currently owned by institutional investors.

About Xylem (Get Rating)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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