Xylem Inc (XYL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 51 from a previous price target of $47 . RBC Capital Mkts advised their investors in a research report released on Aug 16, 2016.
On the company’s financial health, Xylem Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.47. The company had revenue of $932.00 million for the quarter, compared to analysts expectations of $928.42 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Xylem Inc opened for trading at $49.2 and hit $50.505 on the upside on Monday, eventually ending the session at $50.32, with a gain of 3.86% or 1.87 points. The heightened volatility saw the trading volume jump to 18,18,499 shares. Company has a market cap of $9,016 M.
In a different news, on Aug 12, 2016, Steven R Loranger (director) sold 33,887 shares at $48.06 per share price. According to the SEC, on May 16, 2016, Colin R Sabol (Senior Vice President) sold 39,265 shares at $42.91 per share price. On May 9, 2016, Kenneth Napolitano (Senior Vice President) sold 10,246 shares at $41.53 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).