The stock of Xylem Inc (NYSE:XYL) reached all time high today, Oct, 3 and still has $76.61 target or 46.00% above today’s $52.47 share price. This indicates more upside for the $9.52 billion company. This technical setup was reported by Barchart.com. If the $76.61 PT is reached, the company will be worth $4.38B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.04% or $0.02 during the last trading session, hitting $52.47. About 884,613 shares traded hands. Xylem Inc (NYSE:XYL) has risen 40.20% since February 29, 2016 and is uptrending. It has outperformed by 27.99% the S&P500.
Analysts await Xylem Inc (NYSE:XYL) to report earnings on November, 1 before the open. They expect $0.53 earnings per share, up 8.16% or $0.04 from last year’s $0.49 per share. XYL’s profit will be $96.16 million for 24.75 P/E if the $0.53 EPS becomes a reality. After $0.48 actual earnings per share reported by Xylem Inc for the previous quarter, Wall Street now forecasts 10.42% EPS growth.
Xylem Inc (NYSE:XYL) Ratings Coverage
Out of 12 analysts covering Xylem (NYSE:XYL), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. Xylem has been the topic of 22 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Stifel Nicolaus on Monday, March 21. The firm has “Outperform” rating by Oppenheimer given on Monday, September 28. The rating was initiated by Janney Capital on Friday, February 19 with “Neutral”. The rating was upgraded by Stifel Nicolaus to “Buy” on Thursday, September 3. The company was maintained on Monday, July 18 by Barclays Capital. Cowen & Co maintained the shares of XYL in a report on Thursday, September 3 with “Outperform” rating. Atlantic Securities upgraded the stock to “Overweight” rating in Monday, August 22 report. Canaccord Genuity maintained Xylem Inc (NYSE:XYL) rating on Tuesday, August 16. Canaccord Genuity has “Hold” rating and $50 price target. Barclays Capital maintained it with “Equal-Weight” rating and $30 target price in Monday, October 5 report. Sterne Agee CRT upgraded Xylem Inc (NYSE:XYL) on Tuesday, April 5 to “Buy” rating.
According to Zacks Investment Research, “Xylem Inc. provides water technology solutions, water and wastewater treatment solutions and industrial pumps and related technologies. The company provides products for transportation, treatment, and testing applications to public utilities and industrial facilities. It offers a range of pumps, and valves, heat exchangers, waste systems, and membrane filtration products. Xylem Inc. is headquartered in White Plains, N.Y.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.45, from 1.53 in 2016Q1. The ratio turned negative, as 29 funds sold all Xylem Inc shares owned while 166 reduced positions. 57 funds bought stakes while 153 increased positions. They now own 147.36 million shares or 2.42% less from 151.02 million shares in 2016Q1.
New South Capital has 1.78% invested in the company for 1.62M shares. Impax Asset has 2.30M shares for 5.1% of their US portfolio. Henderson Plc holds 0.16% or 418,829 shares in its portfolio. Moreover, Virginia Retirement Et Al has 0% invested in Xylem Inc (NYSE:XYL) for 5,900 shares. Ladenburg Thalmann Ser last reported 0.01% of its portfolio in the stock. Gabelli Funds Ltd Liability Corporation has invested 0.67% of its portfolio in Xylem Inc (NYSE:XYL). Essex has invested 0.32% of its portfolio in Xylem Inc (NYSE:XYL). Robecosam Ag owns 986,592 shares or 3.95% of their US portfolio. Robecosam Usa Inc accumulated 128,979 shares or 7.17% of the stock. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 49,722 shares. Strs Ohio, a Ohio-based fund reported 154,344 shares. Minneapolis Port Group Lc holds 3.91% or 487,122 shares in its portfolio. Moreover, Morgan Stanley has 0.01% invested in Xylem Inc (NYSE:XYL) for 557,236 shares. Franklin Resources has 62,150 shares for 0% of their US portfolio. Valley Advisers holds 0% of its portfolio in Xylem Inc (NYSE:XYL) for 51 shares.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 6 selling transactions for $9.46 million net activity. 50,000 Xylem Inc (NYSE:XYL) shares with value of $2.23M were sold by LORANGER STEVEN R. 8,524 shares were sold by Brannemo Tomas, worth $426,746. Sabol Colin R sold $1.40 million worth of stock or 27,473 shares.
Another recent and important Xylem Inc (NYSE:XYL) news was published by Moodys.com which published an article titled: “Moody’s confirms Xylem’s Senior Unsecured Rating at Baa2, changes outlook to …” on September 29, 2016.
XYL Company Profile
Xylem Inc., incorporated on March 4, 2011, is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Firm is an equipment and service well-known provider for water and wastewater applications with a portfolio of services and products addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Firm has two business divisions, which include Water Infrastructure (collection, distribution, return) and Applied Water (usage). The Company’s application in the areas of water equipment industry includes transport, treatment, test, building services, industrial processing and irrigation. The Company’s water market brands include Bell & Gossett, and Flygt. The Firm sells its products in over 150 countries through a distribution network consisting of direct sales force and independent channel partners.
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