Robert W. Baird Forecasts Strong Price Appreciation for Xylem (NYSE:XYL) Stock

Xylem (NYSE:XYL) had its price target boosted by investment analysts at Robert W. Baird from $139.00 to $148.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 12.71% from the company’s current price.

Several other analysts also recently commented on XYL. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup decreased their price target on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. TD Cowen cut their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Trading Up 1.6 %

NYSE:XYL traded up $2.07 during trading hours on Wednesday, reaching $131.31. 312,898 shares of the stock were exchanged, compared to its average volume of 1,263,986. Xylem has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a market capitalization of $31.90 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 2.11 and a beta of 1.07. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $120.66 and a two-hundred day moving average of $127.57.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. On average, equities analysts predict that Xylem will post 4.22 EPS for the current year.

Hedge Funds Weigh In On Xylem

A number of large investors have recently made changes to their positions in XYL. Bangor Savings Bank boosted its position in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares during the period. Heck Capital Advisors LLC bought a new stake in Xylem during the fourth quarter worth approximately $36,000. Pathway Financial Advisers LLC boosted its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the period. Assetmark Inc. boosted its position in shares of Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 311 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds 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.