Xylem Receives a Buy from Oppenheimer

Oppenheimer analyst Jim Giannakouros assigned a Buy rating to Xylem (NYSE: XYL) yesterday. The company’s shares closed yesterday at $73.03.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 6.2% and a 57.2% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

Xylem has an analyst consensus of Moderate Buy, with a price target consensus of $81.20.

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Based on Xylem’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.22 billion and net profit of $79 million. In comparison, last year the company earned revenue of $1.07 billion and had a net profit of $56 million.

Based on the recent corporate insider activity of 57 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.