Canaccord Genuity Reiterates Their Hold Rating on Xylem

By Ryan Adsit

Canaccord Genuity analyst John Quealy reiterated a Hold rating on Xylem (NYSE: XYL) yesterday and set a price target of $50. The company’s shares opened today at $56.75, close to its 52-week high of $58.23.

According to, Quealy is a 4-star analyst with an average return of 4.5% and a 50.3% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Ceco Environmental, and Lsi Industries Inc.

Currently, the analyst consensus on Xylem is Moderate Buy and the average price target is $57.43, representing a 1.2% upside.

In a report issued on July 14, Stifel Nicolaus also reiterated a Hold rating on the stock with a $60 price target.

The company has a one year high of $58.23 and a one year low of $45.60. Currently, Xylem has an average volume of 1.24M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Tomas Brannemo, the SVP of XYL sold 14,080 shares for a total of $709,018.

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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.