Boenning & Scattergood Believes Xylem (XYL) Won’t Stop Here

Boenning & Scattergood analyst Ryan Connors maintained a Buy rating on Xylem (XYL) today. The company’s shares closed yesterday at $79.25, close to its 52-week high of $82.44.

Connors said:

“We met with Xylem sales and engineering staff this week at a significant industry event for the analytics platform within the company’s Measurement & Control Solutions business. Overall, the discussions affirmed our positive thesis on the stock, with the show highlighting Xylem’s unique combination of best-in-class commercial execution, robust innovation pipeline, and attractive underlying markets. The 2020 margin target has been a focus for investors, but we believe improved profitability in the MCS segment will enable Xylem to approach the low end, and the Pittcon feedback affirms this view. Our $92 target (up from $82) reflects a forward P/E of 24 times, in-line with the water infrastructure peer group average.”

According to, Connors is a 4-star analyst with an average return of 10.9% and a 75.6% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.

Currently, the analyst consensus on Xylem is a Moderate Buy with an average price target of $78.20.

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Xylem’s market cap is currently $14.24B and has a P/E ratio of 26.00. The company has a Price to Book ratio of 5.15.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. Last 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.

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