In a report released yesterday, Scott Graham from BMO Capital reiterated a Buy rating on Xylem (XYL), with a price target of $85. The company’s shares closed on Friday at $74.80.
According to TipRanks.com, Graham is a 4-star analyst with an average return of 7.1% and a 62.3% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, AO Smith Corp, and Regal Beloit.
Currently, the analyst consensus on Xylem is a Moderate Buy with an average price target of $77.67.
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Based on Xylem’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.39 billion and net profit of $225 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $71 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Kenneth Napolitano, the SVP of XYL sold 35,526 shares for a total of $2,492,859.
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Xylem, Inc. engages in the design, manufacture and application of highly engineered technologies for the water industry. It provides water and wastewater applications with a broad portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.