Xylem (NYSE:XYL) Price Target Cut to $147.00 by Analysts at Citigroup

Xylem (NYSE:XYL) had its price target lowered by equities research analysts at Citigroup from $148.00 to $147.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Citigroup’s price objective would indicate a potential upside of 28.14% from the stock’s previous close.

Several other research firms also recently issued reports on XYL. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. 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. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus cut their price objective on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Finally, Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.10.

Xylem Stock Up 0.6 %

Xylem stock traded up $0.70 during trading hours on Monday, reaching $114.72. The stock had a trading volume of 337,892 shares, compared to its average volume of 1,023,277. The company has a market cap of $27.87 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The business’s 50 day moving average price is $121.65 and its 200-day moving average price is $129.35. Xylem has a 52 week low of $109.39 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Sell-side analysts anticipate that Xylem will post 4.23 EPS for the current year.

Institutional Investors Weigh In On Xylem

Several hedge funds have recently bought and sold shares of the stock. Asset Allocation & Management Company LLC purchased a new stake in Xylem in the 4th quarter worth approximately $231,000. TT International Asset Management LTD lifted its position in shares of Xylem by 70.5% during the 4th quarter. TT International Asset Management LTD now owns 25,653 shares of the industrial products company’s stock valued at $2,976,000 after buying an additional 10,608 shares in the last quarter. Czech National Bank lifted its position in shares of Xylem by 6.5% during the 4th quarter. Czech National Bank now owns 52,676 shares of the industrial products company’s stock valued at $6,111,000 after buying an additional 3,197 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Xylem by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,680 shares of the industrial products company’s stock valued at $5,648,000 after buying an additional 331 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new position in shares of Xylem during the 4th quarter valued at approximately $219,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

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.