Xylem (NYSE:XYL) Receives "Buy" Rating from UBS Group

Key Points

• UBS Group has raised its price target for Xylem (NYSE:XYL) from $164.00 to $168.00, indicating a potential upside of 16.09% from the stock's previous close.
• Other analysts have also updated their ratings on Xylem, with Royal Bank Of Canada setting a new target of $147.00 and Citigroup increasing theirs to $152.00, while Stifel Nicolaus has the highest target at $175.00.
• Xylem reported better-than-expected earnings with $1.26 earnings per share (EPS) for the last quarter, exceeding forecasts and showing a year-over-year revenue increase of 6.1%.

Xylem (NYSE:XYL - Get Free Report)'s stock had its "buy" rating restated by research analysts at UBS Group in a report issued on Tuesday, MarketBeat.com reports. They currently have a $168.00 price target on the industrial products company's stock, up from their previous price target of $164.00. UBS Group's target price indicates a potential upside of 16.95% from the company's current price.

Several other equities analysts also recently issued reports on XYL. Stifel Nicolaus boosted their price objective on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. initiated coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Royal Bank Of Canada raised their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Robert W. Baird reduced their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup reiterated a "buy" rating and issued a $152.00 target price (up previously from $137.00) on shares of Xylem in a research report on Monday, July 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.57.

Xylem Price Performance

Shares of NYSE XYL opened at $143.66 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The firm has a market capitalization of $34.97 billion, a PE ratio of 37.31, a P/E/G ratio of 2.49 and a beta of 1.11. Xylem has a 1-year low of $100.47 and a 1-year high of $145.33. The business's fifty day moving average price is $130.54 and its two-hundred day moving average price is $124.81.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. On average, research analysts expect that Xylem will post 4.65 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XYL. Valley National Advisers Inc. grew its stake in Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Perkins Coie Trust Co acquired a new stake in shares of Xylem during the first quarter worth approximately $27,000. Maseco LLP purchased a new position in Xylem during the second quarter valued at approximately $31,000. Center for Financial Planning Inc. increased its stake in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares during the period. Finally, ST Germain D J Co. Inc. lifted its position in Xylem by 950.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company's stock worth $33,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Company Profile

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.