Stifel Nicolaus Issues Pessimistic Forecast for Xylem (NYSE:XYL) Stock Price

Xylem (NYSE:XYL - Get Free Report) had its price objective cut by equities researchers at Stifel Nicolaus from $150.00 to $140.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price target points to a potential upside of 29.62% from the company's current price.

A number of other research analysts also recently issued reports on the company. Robert W. Baird boosted their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Citigroup reduced their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $147.33.

Xylem Stock Down 2.2 %

Shares of XYL stock traded down $2.41 during mid-day trading on Wednesday, hitting $108.01. The company's stock had a trading volume of 631,836 shares, compared to its average volume of 1,382,667. Xylem has a 52-week low of $100.47 and a 52-week high of $146.08. The business has a 50-day moving average price of $120.60 and a 200 day moving average price of $123.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. Research analysts predict that Xylem will post 4.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Xylem during the third quarter valued at approximately $2,492,000. Tidal Investments LLC increased its stake in Xylem by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company's stock valued at $6,433,000 after purchasing an additional 783 shares in the last quarter. Asset Advisors Investment Management LLC increased its position in shares of Xylem by 11.7% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 18,455 shares of the industrial products company's stock valued at $2,492,000 after acquiring an additional 1,937 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company's stock worth $219,262,000 after purchasing an additional 36,102 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in Xylem during the 3rd quarter valued at approximately $2,092,000. 87.96% of the stock is currently 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.