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Xylem

Xylem is a global leader in water technology and offers a wide range of solutions, including the transport, treatment, testing, and efficient use of water for customers in the utility, industrial, commercial, and residential sectors. Xylem was spun off from ITT in 2011. Based in Rye Brook, New York, Xylem has a presence in over 150 countries and employs 16,200. The company generated $7.4 billion in revenue in 2023.

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Launched on 05/14/2007, the Invesco S&amp;P Global Water Index ETF (ARCA:CGW) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Water segment of the equity market.

Should You Invest in the Invesco S&amp;P Global Water Index ETF?

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Xylem Analysts Cut Their Forecasts After Upbeat Earnings

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The Nasdaq 100 closed lower by around 0.4% on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Xylem, DexCom And 2 Other Stocks Insiders Are Selling

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Xylem shines in Q4 FY23, boasting 41% revenue growth to $2.12 billion, surpassing market expectations. Orders and backlog surge, indicating robust demand and promising future prospects.
With impressive financial results and a confident outlook, Xylem  positions itself as a leader in the industry, projecting adjusted EPS of $4.00-$4.20 for FY24.

Why Water Technology Company Xylem Shares Are Seeing Blue Skies Today

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

CrowdStrike To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Tuesday

Xylem Inc. (NYSE: XYL) reported third-quarter FY23 revenue growth of 50.4% Y/Y to $2.08 billion (+10% organically), 

Water Technology Company Xylem Records Solid Q3 Amid Intensifying Water Challenges; Revenue Soars 50.4%

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Upgrades

Xylem Is A Secular Winner On Structurally Improved Portfolio, Analyst Says

Reiteration

Stifel analyst Nathan Jones reiterated a

Xylem And Evoqua Merger: The Blueprint For Leading Global Smart Water Infrastructure, Predicts Analyst

Xylem Raises FY23 Outlook On Solid Q2 Earnings Beat

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<p>Stifel  analyst Nathan Jones   maintains Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) with a Buy and raises the price target from $157 to $170.</p>


Stifel Maintains Buy on Xylem, Raises Price Target to $170

Xylem Commits $50M To Expand Corporate Venture Investing Strategy; Targets Startups And Venture Capital Partners Addressing Climate Challenges Like Water Scarcity, Quality, And Decarbonization

<p>Launched on 05/14/2007, the <strong>Invesco S&amp;P Global Water Index ETF</strong> (ARCA:CGW) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Water segment of the equity market.</p>
<p>An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.</p>
<p>Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Water is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.</p>
<p><strong>Index Details</strong></p>
<p>The fund is sponsored by Invesco. It has amassed assets over $955.71 million, making it one of the average sized ETFs attempting to match the performance of the Industrials - Water segment of the equity market. CGW seeks to match the performance of the S&amp;P GLOBAL WATER INDEX before fees and expenses.</p>
<p>The S&amp;P Global Water Index comprises of developed market securities including water utilities, infrastructure, equipment, instruments and materials.</p>
<p><strong>Costs</strong></p>
<p>Investors should also pay attention to an ETF&#39;s expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.</p>
<p>Annual operating expenses for this ETF are 0.56%, making it on par with most peer products in the space.</p>
<p>It has a 12-month trailing dividend yield of 1.47%.</p>
<p><strong>Sector Exposure and Top Holdings</strong></p>
<p>Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.</p>
<p>Looking at individual holdings, <strong>Xylem Inc/Ny</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xyl#NYSE">XYL</a>) accounts for about 8.56% of total assets, followed by <strong>American Water Works Co Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awk#NYSE">AWK</a>) and <strong>Veralto Corp</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vlto#NYSE">VLTO</a>).</p>
<p>The top 10 holdings account for about 54.53% of total assets under management.</p>
<p><strong>Performance and Risk</strong></p>
<p>The ETF has added roughly 5.49% and is up about 12.92% so far this year and in the past one year (as of 07/09/2024), respectively. CGW has traded between $44.46 and $59.71 during this last 52-week period.</p>
<p>The ETF has a beta of 0.98 and standard deviation of 18.19% for the trailing three-year period, making it a low risk choice in the space. With about 67 holdings, it effectively diversifies company-specific risk.</p>
<p><strong>Alternatives</strong></p>
<p>Invesco S&amp;P Global Water Index ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, CGW is a sufficient option for those seeking exposure to the Industrials ETFs area of the market. Investors might also want to consider some other ETF options in the space.</p>
<p><strong>First Trust Water ETF</strong> (ARCA:FIW) tracks ISE Clean Edge Water Index and the <strong>Invesco Water Resources ETF</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pho#NASDAQ">PHO</a>) tracks NASDAQ OMX US Water Index. First Trust Water ETF has $1.66 billion in assets, Invesco Water Resources ETF has $2.08 billion. FIW has an expense ratio of 0.53% and PHO charges 0.60%.</p>
<p><a href="https://www.zacks.com/stock/news/2298261/should-you-invest-in-the-invesco-s-p-global-water-index-etf-cgw?cid=CS-BENZ-FT-sector_etf-2298261">To read this article on Zacks.com click here.</a></p>


Should You Invest in the Invesco S&P Global Water Index ETF?

DuPont's Water Unit Attracts Interest From Potential Buyers

<p><strong>Xylem's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) short percent of float has fallen 15.35% since its last report. The company recently reported that it has <strong>3.66 million shares sold short</strong>, which is 1.93% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.14 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Xylem Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1718311520_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Xylem has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Xylem's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Xylem's peer group average for short interest as a percentage of float is 3.34%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Peering Into Xylem's Recent Short Interest

<p>TD Cowen  analyst Joseph Giordano   maintains Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) with a Buy and raises the price target from $135 to $138.</p>


TD Cowen Maintains Buy on Xylem, Raises Price Target to $138

TPU Deploys Xylem's AMI Technology To Enhance Operational Efficiency And Customer Service; Network Delivers 6.5M Daily Reads For Frequent Billing And Improved Response Times

<p>Oppenheimer  analyst Bryan Blair   maintains Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) with a Outperform and raises the price target from $147 to $152.</p>


Oppenheimer Maintains Outperform on Xylem, Raises Price Target to $152

<p>Xylem&#39;s long-term financial framework anticipates annual organic revenue growth in the range of&nbsp;4 percent&nbsp;to&nbsp;6 percent, with approximately&nbsp;1 percent&nbsp;from implied revenue synergies offset by the impact of simplification initiatives. This results in average annual adjusted EBITDA margin expansion of approximately 100 basis points per year, an acceleration of margin expansion compared to Xylem&#39;s previous long-term framework of 50 to 75 basis points.&nbsp;</p>


Xylem Reiterates 2024 Guidance As Previously Provided On May 2, 2024; Introduces Long-Term Financial Framework

<p>Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Xylem and provided 12-month price targets. The average target is $149.22, accompanied by a high estimate of $165.00 and a low estimate of $135.00. This upward trend is evident, with the current average reflecting a 7.93% increase from the previous average price target of $138.25.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716998443_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Xylem. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Eade</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$162.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Bryan Blair</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$147.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$155.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Bryan Blair</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$142.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$139.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$148.00</td>
<td>$141.00</td>
</tr>
<tr>
<td>Andrew Buscaglia</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Outperform</td>
<td>$150.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Xylem. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Xylem compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Xylem's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/XYL/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Xylem analyst ratings.</strong></a></p>
<h2>Get to Know Xylem Better</h2>
<p>Xylem is a global leader in water technology and offers a wide range of solutions, including the transport, treatment, testing, and efficient use of water for customers in the utility, industrial, commercial, and residential sectors. Xylem was spun off from ITT in 2011. Based in Rye Brook, New York, Xylem has a presence in over 150 countries and employs 16,200. The company generated $7.4 billion in revenue in 2023.</p>
<h3>Understanding the Numbers: Xylem's Finances</h3>
<p><strong>Market Capitalization:</strong> Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.</p>
<p><strong>Revenue Growth:</strong> Xylem displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately <strong>40.4%</strong>. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.</p>
<p><strong>Net Margin:</strong> Xylem's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>7.53%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Xylem's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>1.5%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Xylem's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>0.96%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Xylem's debt-to-equity ratio is below the industry average. With a ratio of <b>0.23</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Key Takeaways From Xylem Analyst Ratings

<p>Argus Research  analyst John Eade   maintains Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) with a Buy and raises the price target from $146 to $165.</p>


Argus Research Maintains Buy on Xylem, Raises Price Target to $165

<p>RBC Capital  analyst Deane Dray   maintains Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) with a Outperform and raises the price target from $157 to $162.</p>


RBC Capital Maintains Outperform on Xylem, Raises Price Target to $162

<p><strong>Xylem Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) reported better-than-expected first-quarter financial results and raised its 2024 <a href="https://www.benzinga.com/quote/XYL/earnings">guidance on Thursday</a>.</p>
<p>Xylem posted adjusted earnings of 90 cents per share, beating market estimates of 84 cents per share. The company's quarterly sales came in at $2.033 billion versus expectations of $1.997 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</p>
<p>The company said it now sees 2024 adjusted earnings of $4.10 to $4.25 per share, versus prior forecast of $4.00 to $4.20 per share. The company now expects sales of $8.5 billion versus previous guidance of $8.4 billion to $8.5 billion.</p>
<p>&#8220;The team outperformed on all metrics and continued Xylem&#8217;s strong momentum, including record first-quarter margins,&#8221; said Matthew Pine, Xylem&#8217;s president and CEO. &#8220;Operational performance was robust on healthy demand across most segments and regions. We&#8217;re also on track to capture the synergies of our integration with Evoqua, and are driving simplification across our business to lock in and extend our margin improvements over time.&#8221;</p>
<p>Xylem shares gained 3.8% to close at $135.99 on Thursday.</p>
<p>These analysts made changes to their price targets on Xylem following earnings announcement.</p>
<ul>
<li><strong>Baird</strong> raised the price target on Xylem from $151 to $155. Baird analyst Michael Halloran maintained an Outperform rating.</li>
<li><strong>Mizuho</strong> boosted the price target on Xylem from $110 to $135. Mizuho analyst Brett Linzey maintained a Neutral rating.</li>
<li><strong>Oppenheimer</strong> increased the price target on Xylem from $142 to $147. Oppenheimer analyst Bryan Blair maintained an Outperform rating.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/24/05/38611902/wall-streets-most-accurate-analysts-views-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a></p>


<p>Oppenheimer  analyst Bryan Blair   maintains Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) with a Outperform and raises the price target from $142 to $147.</p>


Oppenheimer Maintains Outperform on Xylem, Raises Price Target to $147

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.</p>
<ul>
<li>Rosenblatt raised the price target for <strong>Apple Inc.</strong>  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) from $189 to $196. Rosenblatt analyst Barton Crockett maintained a Neutral rating. Apple shares rose 2.2% to close at $173.03 on Thursday. <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Canaccord Genuity boosted the price target for <strong>Coinbase Global, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) from $240 to $280. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Coinbase shares rose 8.9% to close at $228.85 on Thursday. <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt increased <strong>Live Nation Entertainment, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) price target from $119 to $122. Rosenblatt analyst Barton Crockett maintained a Buy rating. Live Nation Entertainment shares fell 1.1% to close at $88.27 on Thursday. <a href="https://www.benzinga.com/quote/LYV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho increased the price target for <strong>Xylem Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) from $110 to $135. Mizuho analyst Brett Linzey maintained a Neutral rating. Xylem shares rose 3.8% to close at $135.99 on Thursday. <a href="https://www.benzinga.com/quote/XYL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised <strong>Booking Holdings Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) price target from $3,900 to $3,950. B of A Securities analyst Justin Post maintained a Neutral rating. Booking shares rose 1.7% to close at $3,472.91 on Thursday. See how other analysts view this stock.</li>
<li>Wedbush increased <strong>The Wendy&#8217;s Company</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) price target from $20 to $21. Wedbush analyst Nick Setyan maintained a Neutral rating. Wendy&#8217;s shares gained 1.5% to close at $19.92 on Thursday. <a href="https://www.benzinga.com/quote/WEN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised the price target for <strong>Moody&#8217;s Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) from $405 to $414. Baird analyst Jeffrey Meuler maintained an Outperform rating. Moody&#8217;s shares rose 0.9% to close at $376.40 on Thursday. <a href="https://www.benzinga.com/quote/MCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stephens &amp; Co. boosted <strong>Texas Roadhouse, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXRH#NASDAQ">TXRH</a>) price target from $150 to $164. Stephens &amp; Co. analyst Jim Salera maintained an Equal-Weight rating. Texas Roadhouse shares rose 0.5% to close at $157.90 on Thursday. <a href="https://www.benzinga.com/quote/TXRH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel increased <strong>Union Pacific Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) price target from $248 to $267. Stifel analyst Benjamin Nolan upgraded the stock from Hold to Buy. Union Pacific shares rose 1.2% to close at $237.69 on Thursday. <a href="https://www.benzinga.com/quote/UNP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities slashed <strong>Cryoport, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYRX#NASDAQ">CYRX</a>) price target from $22 to $19. B. Riley Securities analyst Yuan Zhi downgraded the stock from Buy to Neutral. Cryoport shares rose 2.1% to close at $17.16 on Thursday. <a href="https://www.benzinga.com/quote/CYRX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
<p>Check This Out: <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/05/38606493/apple-hershey-and-3-stocks-to-watch-heading-into-friday">Apple, Hershey And 3 Stocks To Watch Heading Into Friday</a></p>


<p>Mizuho  analyst Brett Linzey   maintains Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) with a Neutral and raises the price target from $110 to $135.</p>


Mizuho Maintains Neutral on Xylem, Raises Price Target to $135

<p>Baird  analyst Michael Halloran   maintains Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) with a Outperform and raises the price target from $151 to $155.</p>


Baird Maintains Outperform on Xylem, Raises Price Target to $155

WIIM

Xylem shares are trading higher after the company reported better-than-expected Q1 financial results and raised its 2024 guidance.

<p><strong>Outlook</strong></p>
<p>Xylem now expects full-year 2024 revenue of approximately&nbsp;$8.5 billion, up approximately 15 to&nbsp;16 percent&nbsp;on a reported basis and up approximately 4 to&nbsp;6 percent&nbsp;on an organic basis. This represents an increase from the Company&#39;s previous full-year&nbsp;guidance&nbsp;of 14 to&nbsp;15 percent&nbsp;on a reported basis and 3 to&nbsp;5 percent&nbsp;on an organic basis.</p>
<p>Full-year 2024 adjusted EBITDA margin is expected to be approximately&nbsp;20.0 percent, lifted from the previous guide of 19.4 to&nbsp;19.9 percent. This results in adjusted earnings per share of&nbsp;$4.10&nbsp;to&nbsp;$4.25, raised from the previous range of&nbsp;$4.00&nbsp;to&nbsp;$4.20. Full-year free cash flow conversion to net income is still expected to be approximately&nbsp;115 percent</p>


Xylem Raises 2024 Guidance: Now Expects Adj. EPS Of $4.10 To $4.25, (Prior $4.00-$4.20) Vs. $4.14 Est; Sales Guidance Of ~ $8.5B (Prior $8.4B-$8.5B) Vs. $8.505B Est.

<p>Xylem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.84 by 7.14 percent. This is a 13.92 percent increase over earnings of $0.79 per share from the same period last year.  The company reported quarterly sales of $2.033 billion which beat the analyst consensus estimate of $1.997 billion by 1.80 percent.  This is a 40.40 percent increase over sales of $1.448 billion the same period last year.</p>


Earnings Beats

Xylem Q1 2024 Adj EPS $0.90 Beats $0.84 Estimate, Sales $2.033B Beat $1.997B Estimate

Xylem: Wait For Multiple Contraction For This Excellent Company

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>As water scarcity becomes a critical global issue, <a href="https://investorplace.com/industries/energy/renewable-energy/water/">water stocks</a> are gaining significant attention from investors. By 2030, the <a href="https://blogs.worldbank.org/en/water/why-water-security-our-most-urgent-challenge-today#:~:text=By%202030%2C%20global%20freshwater%20demand,four%20cities%20face%20water%20insecurity.">demand for freshwater</a> is projected to exceed supply by 40%. This growing need is driving investment in water-related companies, making them attractive options for those looking to capitalize on long-term trends.</p>



<p>For June 2024, seven water stocks stand out as strong buy candidates, backed by robust performance and strategic positioning in the market. These companies are well-placed to benefit from the increasing focus on water conservation.&nbsp;</p>



<p>One positive of investing in these water stocks is that these companies are in the utilities sector. This sector is known for its stability and many of these companies pay strong dividends to investors. These companies could then become a valuable addition to an investors&rsquo; portfolio, especially if one values income generation potential.</p>



<p>This article explores these top-rated water stocks, examining the factors contributing to their strong buy ratings and their potential for sustained growth.</p>



<h2>American Water Works (AWK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_2_1600-300x169.jpg" alt="A photo of a woman holding a glass of water."><div>Source: Alina Kruk/Shutterstock.com</div></div><p><strong>American Water Works</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/awk-stock-quote/"><strong>AWK</strong></a>) is the largest, most geographically diverse publicly traded U.S. water and wastewater utility company.</p>



<p>In Q1 2023, AWK <a href="https://ir.amwater.com/financials/quarterly-results/default.aspx">reported operating revenues of $938 million</a>, an increase from $886 million in Q1 2022. Net income was $174 million, up from the same period last year. Earnings per share (<span>EPS</span>) were 81 cents compared to 76 cents in Q1 2022.&nbsp;</p>



<p>AWK <a href="https://finance.yahoo.com/news/american-water-awk-unit-invest-160300661.html">plans to invest approximately</a> $3.1 billion in 2024 to upgrade and maintain its infrastructure. The investment focuses on replacing aging pipes, improving water treatment facilities, and enhancing customer service technology. This is part of a larger $16 billion capital investment plan from 2024 to 2028.</p>



<p>AWK expects its 2024 EPS to be in the range of $4.72 to $4.82. The company anticipates that regulated businesses will drive most of the growth, supported by continued infrastructure investment and rate increases approved by regulatory bodies&#8203;.</p>



<h2>Essential Utilities (WTRG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_5_1600-300x169.jpg" alt="A photo of water being poured into a glass that's sitting on a table."><div>Source: HQuality/ShutterStock.com</div></div><p><strong>Essential Utilities </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/wtrg-stock-quote/"><strong>WTRG</strong></a>) provides water, wastewater and natural gas services to over 5 million people in 10 states in the U.S.</p>



<p>In July 2023, WTRG <a href="https://www.essential.co/news-releases/news-release-details/essential-utilities-aqua-ohio-subsidiary-acquires-union-rome">acquired a wastewater system</a> in Ohio, adding a significant number of new customers. The purchase supports the company&rsquo;s strategy of expanding through regulated acquisitions.</p>



<p>WTRG <a href="https://www.essential.co/news-releases/news-release-details/essential-utilities-celebrates-infrastructure-week-announces">invested approximately</a> $1.2 billion in 2023 in infrastructure improvements last year. This includes the replacement of old pipes, upgrading water treatment facilities and expanding natural gas distribution networks. The company aims to enhance service reliability and meet increasing demand from customers.</p>



<p>Analysts that cover WTRG <a href="https://stockanalysis.com/stocks/wtrg/">expect its 2024 EPS</a> to be in the range of $2.11. The company anticipates that growth will be driven by continued infrastructure investments and rate adjustments approved by regulatory bodies&#8203;.</p>



<p>WTRG stock has a consensus buy rating from analysts. The average price target is $56, representing an upside of approximately 15% from the current price.</p>



<h2>Xylem (XYL)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/xyl-stock-1-300x169.jpg" alt="xylem app"><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>Xylem</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/xyl-stock-quote/"><strong>XYL</strong></a>) is a leading global water technology company, enabling customers to transport, treat, test and efficiently use water.</p>



<p>XYL could be among the best water stocks investors should have on their radars due to its capital growth potential and expanding capital expenditures.</p>



<p>In March 2023, Xylem <a href="https://prod.xylem.com/ja-jp/making-waves/water-utilities-news/xylem-to-acquire-smart-infrastructure-company-pure-technologies/">announced the acquisition</a> of a smart water solutions company, expanding its capabilities in water data analytics and management. Yet XYL <a href="https://www.xylem.com/en-bi/about-xylem/newsroom/press-releases/xylem-unveils-multi-year-growth-strategy-at-2024-investor-day/">plans to invest significantly</a> in research and development in 2024, focusing on enhancing its smart water solutions and advanced analytics. The company aims to improve water management efficiency and sustainability for its customers.&nbsp;</p>



<p>Analysts that cover Xylem <a href="https://stockanalysis.com/stocks/xyl/forecast/">expect its 2024 EPS </a>to be in the range of $4.26. The company anticipates growth driven by increased demand for water infrastructure and smart water solutions.</p>



<h2>Pentair (PNR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/pnr1600-300x169.png" alt="In this photo illustration the Pentair (PNR) logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div><p><strong>Pentair</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/pnr-stock-quote/"><strong>PNR</strong></a>) offers water treatment solutions and sustainable innovations to enhance residential, commercial and industrial water systems.</p>



<p>In Q1 2023, Pentair&rsquo;s Water Solutions segment saw a <a href="https://investors.pentair.com/investor-relations/news-releases/news-release-details/2023/Pentair-Reports-Strong-First-Quarter-2023-Results/default.aspx">32.2% increase in net sales</a>, reaching $272 million. The Industrial &amp; Flow Technologies segment also reported a 9.4% increase in net sales to $392 million. However, the Pool segment experienced a decline of 16.3% in net sales compared to the previous year&#8203;.&nbsp;</p>



<p>Pentair plans to continue investing in its <a href="https://investors.pentair.com/investor-relations/news-releases/news-release-details/2023/Pentair-Reports-Strong-First-Quarter-2023-Results/default.aspx">transformation initiatives</a> aimed at driving efficiencies and growth across all segments. The company focuses on pricing strategies and supply chain improvement.</p>



<p>For 2024, Pentair <a href="https://investors.pentair.com/investor-relations/news-releases/news-release-details/2023/Pentair-Reports-Strong-First-Quarter-2023-Results/default.aspx">expects adjusted EPS</a> to be in the range of $3.60 to $3.70. The company anticipates stable growth driven by continued demand for water treatment and industrial flow solutions despite potential market challenges.</p>



<p>Pentair stock has a consensus buy rating from analysts with an average price target around $70. It indicates a potential upside of approximately 15% from the current price.&nbsp;</p>



<h2>Veolia Environnement (VEOEY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/veoey-stock-1600-300x169.jpg" alt="Veolia sign text and brand logo French company Environnement and supplier of water services in all world"><div>Source: sylv1rob1 / Shutterstock.com</div></div><p><strong>Veolia Environnement</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/veoey-stock-quote/"><strong>VEOEY</strong></a>) is a French transnational company with operations in water management, waste management and energy services.</p>



<p>The water stock secured a <a href="https://www.veoliawatertechnologies.com/en/node/10011">$320 million water technology contract</a> in the UAE, which underscores its growing presence in the Middle East and its commitment to providing advanced water management solutions.&nbsp;</p>



<p>Veolia plans to <a href="https://www.veolia.com/en/veolia-group/finance/financial-information/financial-publications">continue its focus on growth</a> and innovation in 2024, with a specific emphasis on enhancing its digital and ecological transformation solutions.&nbsp;</p>



<p>For 2024, Veolia has reaffirmed its guidance of achieving EBITDA growth of 5% to 7%. The company expects continued robust performance in its core segments, supported by ongoing initiatives in sustainable development and resource management&#8203;.</p>



<p>VEOEY might be a good pick for U.S. investors wanting to diversify their portfolios outside of the U.S. It would also provide exposure to emerging markets in the UAE.</p>



<h2>Middlesex Water Company (MSEX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/water-stocks-1600-300x169.jpg" alt="Lots of water bottles. Bottles with blue caps."><div>Source: DenisProduction.com / Shutterstock.com</div></div><p><strong>Middlesex Water Company</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/msex-stock-quote/"><strong>MSEX</strong></a>) provides regulated and non-regulated water and wastewater utility services in New Jersey, Delaware and Pennsylvania.</p>



<p>The company has been <a href="https://investors.middlesexwater.com/news-releases/news-release-details/middlesex-water-reports-first-quarter-2023-earnings">actively investing in upgrading</a> its treatment plants and expanding its service infrastructure in Delaware to meet growing customer needs&#8203;.</p>



<p>Middlesex Water <a href="https://investors.middlesexwater.com/news-releases/news-release-details/middlesex-water-reports-voting-results-its-2023-annual">plans to continue its focus</a> on infrastructure investments and service improvements in 2024. The company aims to enhance its water treatment facilities and expand its lead service line replacement initiative. Capital expenditures are expected to support these strategic initiatives.</p>



<p>Analysts expect that Middlesex Water&rsquo;s <a href="https://www.marketbeat.com/stocks/NASDAQ/MSEX/earnings/">EPS to be in the range of</a> $2.28 to $2.40. The company anticipates stable revenue growth driven by ongoing infrastructure investments and operational efficiencies&#8203;.</p>



<p>MSEX could be a strong pick for investors who want to invest in U.S. water utilities stocks in the U.S. Given its strong regional presence in the market, the utility could be one of the best options for investors on this list.</p>



<h2>California Water Service Group (CWT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/shutterstock_1663840735-1-300x169.jpg" alt='An image of a blue and light blue rectangle sign with the "California Water Service" yellow and blue logo on a lawn.'><div>Source: Michael Vi / Shutterstock.com</div></div><p><strong>California Water Service Group</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cwt-stock-quote/"><strong>CWT</strong></a>) is the third-largest publicly traded water utility in the U.S., providing high-quality services to customers in California, Washington, New Mexico and Hawaii.</p>



<p>In April 2024, California Water Service Group benefited from a favorable decision in the 2021 <a href="https://www.calwatergroup.com/news-media/press-releases/detail/605/california-water-service-groups-first-quarter-2024">California General Rate Case</a>, which significantly boosted its financial results. The company has also been proactive in addressing PFAS contamination and complying with new water quality standards.</p>



<p>California Water Service Group <a href="https://ir.calwatergroup.com/">plans to continue</a> investing in infrastructure and technology to improve service reliability and efficiency. Capital expenditures are expected to support infrastructure improvements and the installation of advanced water treatment systems&#8203;.</p>



<p>Analysts expect that <a href="https://www.marketbeat.com/stocks/NYSE/CWT/earnings/">CWT&rsquo;s EPS will decrease</a> slightly to $2.38. That is likely due to CWT&rsquo;s planned capital investments and regulatory requirements&#8203;.</p>



<p>Still, it may be expanding CAPEX that allows CWT to deliver strong returns in the future, so this could be seen as a worthwhile investment from an investor&rsquo;s point of view.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/7-water-stocks-to-buy-now-june-2024/">7 Water Stocks to Buy Now: June 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Water Stocks to Buy Now: June 2024

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Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on Xylem (XYL – Research Report) today and set a price target of $157.00. The company'...

Stifel Nicolaus Sticks to Their Buy Rating for Xylem (XYL)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>One of the best ways to multiply your wealth every summer is by picking up some of the top hurricane stocks to buy.</p>



<p>With Hurricane Beryl, we were again reminded of how powerful and destructive hurricanes can be. We&rsquo;re also reminded of how important it is to get out of their way and safeguard property, as we saw with Texas and Jamaica these. last few days.</p>



<p>Unfortunately, we could see many more this season.</p>



<p>According to <a href="https://weather.com/storms/hurricane/news/2024-04-17-weather-company-hurricane-season-outlook-april">The Weather Channel</a>, the 2024 hurricane season could be one of the most active on record. &ldquo;The outlook calls for 24 named storms, 11 of which will become hurricanes and six of which will reach Category 3 status or stronger,&rdquo; it noted. &ldquo;T&#8203;hat&rsquo;s well above the 30-year average tally for both hurricanes and storms and also markedly above the tally of 20 storms, seven hurricanes, and three Cat 3-plus hurricanes in 2023.&rdquo;</p>



<p>That being said, if you&rsquo;re in the way of a hurricane, get out of the way and stay safe. As for those looking to invest in hurricane season this summer, here are a few standout stocks to buy today.</p>



<h2>Generac Holdings (GNRC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/generac-gnrc-stock-1600-300x169.jpg" alt="Generac GP7500E 7500-Watt Gasoline during Fundraising Event in Olney, MD"><div>Source: Lissandra Melo / Shutterstock.com</div></div><p><strong>Generac Holdings</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gnrc-stock-quote/"><strong>GNRC</strong></a>), an $8.6 billion residential generator company, tends to push higher during most hurricane seasons. Last year, for example, GNRC ran from about $108 to a high of nearly $157. This year, it&rsquo;s just starting to gain momentum, running from about $130 to $143.</p>



<p>As noted by <a href="https://www.generatorsource.com/Articles/Power-Sources/Diesel-Generators-Critical-Power.aspx#:~:text=Turbulent%20Hurricane%20Season%20Increases%20the%20Need%20for%20Generators&amp;text=The%20high%20winds%20can%20take,generators%20has%20become%20so%20high.">GeneratorSource.com</a>, &ldquo;The high winds can take down power poles and cause damage to power plants. It can take weeks and, in many cases, months before power company personnel are able to fully restore power. This is why the demand for backup power generators has become so high.&rdquo;</p>



<p>With the 2024 hurricane season starting, I expect generator demand &ndash; and for Generac Holdings&rsquo; stock &ndash; to accelerate. Helping, at the end of June, <a href="https://markets.businessinsider.com/news/stocks/generac-holdings-gnrc-gets-a-buy-from-truist-financial-1033416368">analysts at Truist</a> reiterated a buy rating on GNRC with a price target of $170 a share.</p>



<p>It&rsquo;s one of the top stocks to buy this summer. From here, I&rsquo;d like to see it initially retest $155.</p>



<h2>Xylem (XYL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/xyl-stock-1-300x169.jpg" alt="xylem app"><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>Xylem</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/xyl-stock-quote/"><strong>XYL</strong></a>), a $32 billion water stock, also benefits from hurricane season.</p>



<p>After all, <a href="https://www.investopedia.com/articles/markets/022616/6-stocks-benefit-weather-event.asp#:~:text=Water%20Solution%20Companies,to%20help%20in%20these%20cases.">according to Investopedia.com</a>, &ldquo;Clean water shortages can occur after a major storm hits, especially when floodwater affects public drinking water. Companies that can test and treat water, as well as transport it, are needed and are often contracted by the government to help in these cases.&rdquo;</p>



<p>If you pull up a three-year chart of XYL, you can see the stock rallies around June-July most years with storm seasons. This year, we expect to see similar upside, as it starts to pivot from oversold conditions at $133, where it&rsquo;s a buy. Even better, while we wait for further upside in the stock, we can collect its current yield of 1.1%.</p>



<p>Plus, earnings haven&rsquo;t been too shabby. In its first quarter, its earnings per share of 90 cents beat by 6 cents. Revenue of $2 billion was up 40.4% year over year. It also raised its full-year revenue guidance to $8.5 billion, up about 15% to 16% year over year. And it raised its full-year adjusted earnings per share to $4.10 to $4.25 from a prior range of $4 to $4.20.</p>



<h2>Home Depot (HD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/hd1600f-300x169.jpg" alt="earnings reports hd"><div>Source: Northfoto / Shutterstock.com</div></div><p>Home improvement retailer <strong>Home Depot</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/hd-stock-quote/"><strong>HD</strong></a>) plays a big part in post-hurricane cleanups, too.</p>



<p>And as we&rsquo;ve seen with Generac and Xylem, Home Depot&rsquo;s stock also perks up in hurricane season. In 2020, between June and November, HD ran from about $222 to $253. By 2021, it ran from about $291 to $381. Then by 2022, it ran from $282 to $311. In 2023, HD ran from about $273 to just over $309 a share. This year, I&rsquo;d like to see a similar move, especially with how active the storm season is expected to be.</p>



<p>Better, as we wait for Home Depot to push higher, we can collect its yield of 2.7%.&nbsp;&nbsp;Helping, about <a href="https://www.tipranks.com/stocks/hd/forecast">17 analysts rate HD a &ldquo;buy&rdquo;</a> with an average price target of $382.59. The high-end of estimates puts HD at $425 a share. <a href="https://www.streetinsider.com/Analyst+Comments/Evercore+ISI+Reiterates+Outperform+Rating+on+Home+Depot+%28HD%29/23220082.html">Analysts at Evercore ISI</a>, for example, have an outperform rating on the stock with a price target of $420.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines">Publishing Guidelines.</a></em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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