Xylem Gets a Hold Rating from Canaccord Genuity

Canaccord Genuity analyst Chip Moore maintained a Hold rating on Xylem (NYSE: XYL) yesterday and set a price target of $78. The company’s shares opened today at $69.94.

Moore commented:

“We believe XYL is executing well and we see ample room for margin enhancement (business simplification, sourcing, localization, etc.). While short-cycle visibility will stay variable, product breadth and organizational optimization efforts (along with recent acquisitions) support more consistent results. We look to get constructive on a better risk/reward.”

According to TipRanks.com, Moore is a 3-star analyst with an average return of 8.5% and a 72.2% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Darling Ingredients, and Badger Meter.

Currently, the analyst consensus on Xylem is Moderate Buy and the average price target is $81.33, representing a 16.3% upside.

In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $75 price target.

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Xylem’s market cap is currently $12.66B and has a P/E ratio of 38.35. The company has a book value ratio of 5.0567.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Tomas Brannemo, the SVP of XYL sold 11,716 shares for a total of $860,561.

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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.