Stifel Nicolaus Forecasts Strong Price Appreciation for Xylem (NYSE:XYL) Stock

Xylem (NYSE:XYL - Get Free Report) had its price objective raised by research analysts at Stifel Nicolaus from $141.00 to $162.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price target indicates a potential upside of 23.49% from the stock's previous close.

Several other research analysts have also recently issued reports on the company. Robert W. Baird reduced their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price on the stock. Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. Royal Bank Of Canada raised their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Citigroup reaffirmed a "buy" rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a report on Monday, July 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $149.29.

Xylem Stock Down 0.6%

Shares of XYL stock traded down $0.76 during mid-day trading on Monday, hitting $131.18. The stock had a trading volume of 955,483 shares, compared to its average volume of 1,412,643. Xylem has a 12-month low of $100.47 and a 12-month high of $143.50. The firm has a market capitalization of $31.92 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The firm's 50-day moving average is $127.92 and its two-hundred day moving average is $123.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company posted $0.90 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts predict that Xylem will post 4.65 earnings per share for the current fiscal year.

Institutional Trading of Xylem

Several institutional investors and hedge funds have recently added to or reduced their stakes in XYL. Dynamic Advisor Solutions LLC purchased a new position in Xylem in the 1st quarter valued at approximately $694,000. Triodos Investment Management BV increased its stake in Xylem by 12.7% in the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock valued at $27,149,000 after purchasing an additional 26,300 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Xylem by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after purchasing an additional 419 shares in the last quarter. Allianz SE purchased a new position in Xylem in the 4th quarter valued at approximately $1,910,000. Finally, NBC Securities Inc. purchased a new position in Xylem in the 1st quarter valued at approximately $72,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.