Brokerage firm Wedbush Downgrades its rating on Xylem Inc(NYSE:XYL). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Wedbush was issued on Apr 11, 2016.
In a different note, On Mar 21, 2016, Stifel Nicolaus said it Downgrades its rating on Xylem Inc. The shares have been rated ‘Hold’ by the firm. Janney Capital said it Initiates Coverage on Xylem Inc, according to a research note issued on Feb 19, 2016. The shares have been rated ‘Neutral’ by the firm. On Jan 21, 2016, Seaport Global said it Upgrades its rating on Xylem Inc. The shares have been rated ‘Buy’ by the firm. On Jan 19, 2016, Barclays said it Maintains its rating on Xylem Inc. According to the research note, Barclays Raises the price target to $37 per share from a prior target of $34. The shares have been rated ‘Equal-weight’ by the firm.
Xylem Inc (XYL) made into the market gainers list on Fridays trading session with the shares advancing 0.69% or 0.29 points. Due to strong positive momentum, the stock ended at $42.28, which is also near the day’s high of $42.3. The stock began the session at $41.99 and the volume stood at 12,17,303 shares. The 52-week high of the shares is $42.3 and the 52 week low is $29.9. The company has a current market capitalization of $7,546 M and it has 17,84,85,810 shares in outstanding.
Xylem Inc(XYL) last announced its earnings results on Feb 4, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $994.00M. Analysts had an estimated revenue of $996.94M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.60.
Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Tomas Brannemo (Senior Vice President) sold 7,964 shares at $38.02 per share price.Also, On Nov 13, 2015, Markos I Tambakeras (director) sold 2,025 shares at $36.73 per share price.On Nov 6, 2015, Steven R Loranger (director) sold 165,690 shares at $36.67 per share price, according to the Form-4 filing with the securities and exchange commission.
Xylem Inc. is engaged in the design manufacturing and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water from collection distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport treatment test building services industrial processing and irrigation. The Company’s water market brands such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection distribution and return) and Applied Water (usage).