Oppenheimer Reaffirms Their Buy Rating on Xylem (XYL)
Oppenheimer analyst Bryan Blair reiterated a Buy rating on Xylem (XYL) today. The company’s shares opened today at $73.01.
According to TipRanks.com, Blair is a 1-star analyst with an average return of -3.3% and a 40.7% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Incorporated, Watts Water Technologies, and Mueller Water Products.
Xylem has an analyst consensus of Strong Buy, with a price target consensus of $79.83, a 9.3% upside from current levels. In a report released today, Boenning & Scattergood also reiterated a Buy rating on the stock with a $82 price target.
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Based on Xylem’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.29 billion and net profit of $130 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $71 million.
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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.