Press coverage about Xylem (NYSE:XYL) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Xylem earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 47.1705205414158 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Xylem (XYLU) to Report Q3 Earnings: What’s in the Offing? – Nasdaq (nasdaq.com)
- Exclusive-Evoqua Snubs Xylem’s $2.5 Billion Bid for IPO-Sources … – New York Times (nytimes.com)
- Evoqua snubs Xylem’s $2.5 billion bid for IPO: sources (reuters.com)
- Xylem (XYLU) to Report Q3 Earnings: What's in the Offing? (finance.yahoo.com)
XYL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Tuesday, July 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 target price on shares of Xylem in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. increased their target price on Xylem from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. Canaccord Genuity reiterated a “hold” rating and issued a $50.00 target price on shares of Xylem in a research report on Friday, July 28th. Finally, BidaskClub downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.92.
Xylem (XYL) opened at 64.86 on Friday. The company has a market capitalization of $11.65 billion, a P/E ratio of 41.87 and a beta of 1.17. Xylem has a 12 month low of $45.60 and a 12 month high of $66.28. The stock’s 50 day moving average price is $63.94 and its 200-day moving average price is $57.37.
Xylem (NYSE:XYL) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Xylem’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities research analysts predict that Xylem will post $2.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is presently 46.45%.
In other news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.
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Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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