RBC Capital analyst Deane Dray maintained a Buy rating on Xylem (XYL – Research Report) on July 13 and set a price target of $91.00. The company’s shares closed last Thursday at $75.45, close to its 52-week low of $72.08.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 6.8% and a 46.1% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Evoqua Water Technologies, and Emerson Electric Company.
Currently, the analyst consensus on Xylem is a Hold with an average price target of $88.78.
Based on Xylem’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.27 billion and net profit of $82 million. In comparison, last year the company earned revenue of $1.26 billion and had a net profit of $87 million.
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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. It operates through following business segments: Water Infrastructure, Applied Water and Measurement & Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water, offering a range of products including water & wastewater pumps, treatment & testing equipment, and controls & systems. This segment brands include Flygt, Wedeco, Godwin Pumps, WTW, Sanitaire, YSI and Leopold. The Applied Water segment encompasses the uses of water and focuses on the residential, commercial, industrial and agricultural markets. Its products include pumps, valves, heat exchangers, controls and dispensing equipment. The Measurement & Control Solutions segment focuses on developing advanced technology solutions that enable intelligent use and conservation of critical water and energy resources as well as analytical instrumentation used in the testing of water. The company was founded on May 4, 2011 and is headquartered in Rye Brook, NY.
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