Xylem (XYL) Receives a Hold from Raymond James

Raymond James analyst Pavel Molchanov maintained a Hold rating on Xylem (XYLResearch Report) today. The company’s shares closed last Tuesday at $115.95.

According to TipRanks.com, Molchanov is a 5-star analyst with an average return of 14.6% and a 59.6% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Maxeon Solar Technologies, Nextera Energy Partners, and Clean Energy Fuels.

The word on The Street in general, suggests a Hold analyst consensus rating for Xylem with a $102.33 average price target, implying a -9.2% downside from current levels. In a report released today, Oppenheimer also assigned a Hold rating to the stock.

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Based on Xylem’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.37 billion and net profit of $148 million. In comparison, last year the company earned revenue of $1.37 billion and had a net profit of $118 million.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XYL in relation to earlier this year.

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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.