Oppenheimer Remains a Buy on Xylem

By Austin Angelo

In a report released today, Jim Giannakouros from Oppenheimer reiterated a Buy rating on Xylem (NYSE: XYL). The company’s shares opened today at $52.27.

According to TipRanks.com, Giannakouros is a 3-star analyst with an average return of 3.4% and a 54.6% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Mueller Water Products.

Currently, the analyst consensus on Xylem is Moderate Buy and the average price target is $55.80, representing a 6.8% upside.

In a report issued on May 15, Barclays also upgraded the stock to Buy with a $59 price target.

The company has a one year high of $54.99 and a one year low of $42.52. Currently, Xylem has an average volume of 1.39M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Tomas Brannemo, the SVP of XYL sold 14,080 shares for a total of $709,018.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 two business segments: Water Infrastructure and Applied Water. 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 company was founded on May 4, 2011 and is headquartered in White Plains, NY.