Xylem (XYL) : Analyst Rating Update

Xylem (XYL) has an average broker rating of 2.07, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Xylem (XYL) stock is expected to deviate a maximum of $4.8 from the average target price of $45.64 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $39.

Xylem (NYSE:XYL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.75 and $44.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.58, notching a gain of 1.65% for the day. The total traded volume was 1,486,988 . The stock had closed at $44.84 on the previous day.

Also, Major Brokerage house, Wedbush downgrades its ratings on Xylem (NYSE:XYL). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 11, 2016. The company shares have rallied 26.06% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $44.94 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $44.88 and the 200 Day Moving Average price is recorded at $40.08.

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 Companys 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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.