Cowen & Co. analyst Joseph Giordano reiterated a Buy rating on Xylem (NYSE: XYL) today and set a price target of $88. The company’s shares opened today at $77.71, close to its 52-week high of $79.83.
According to TipRanks.com, Giordano is a 5-star analyst with an average return of 20.2% and a 75.9% success rate. Giordano covers the Industrial Goods sector, focusing on stocks such as Roper Technologies, Parker Hannifin, and Flowserve Corp.
Currently, the analyst consensus on Xylem is a Moderate Buy with an average price target of $83.89, which is a 8.0% upside from current levels. In a report released today, Raymond James also initiated coverage with a Buy rating on the stock with a $90 price target.
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Xylem’s market cap is currently $13.59B and has a P/E ratio of 37.90. The company has a Price to Book ratio of 5.55.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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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.
