Xylem (NYSE:XYL) Given New $162.00 Price Target at Royal Bank of Canada

Xylem (NYSE:XYL - Get Free Report) had its target price cut by Royal Bank of Canada from $163.00 to $162.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Royal Bank of Canada's price objective would indicate a potential upside of 35.61% from the company's current price.

A number of other brokerages have also recently commented on XYL. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price target on the stock. Robert W. Baird dropped their target price on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research note on Friday. Stifel Nicolaus increased their price target on shares of Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, TD Cowen restated a "hold" rating and issued a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $148.25.

Xylem Trading Down 1.9 %

XYL stock traded down $2.32 during trading on Friday, reaching $119.46. The company had a trading volume of 1,924,554 shares, compared to its average volume of 1,189,009. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. Xylem has a 52 week low of $93.86 and a 52 week high of $146.08. The business has a 50 day moving average of $132.78 and a 200 day moving average of $135.13. The company has a market cap of $29.02 billion, a P/E ratio of 37.80, a PEG ratio of 2.29 and a beta of 1.04.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts' consensus estimates of $1.11. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company's revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem will post 4.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xylem

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB increased its holdings in Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after buying an additional 554,609 shares during the last quarter. Mirova US LLC increased its stake in shares of Xylem by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company's stock worth $254,526,000 after purchasing an additional 36,013 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Xylem by 1.0% in the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company's stock worth $226,555,000 after acquiring an additional 15,825 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Xylem by 2.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company's stock worth $227,364,000 after acquiring an additional 36,601 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Xylem by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company's stock valued at $199,930,000 after purchasing an additional 113,571 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.