KeyBanc Starts Xylem (XYL) at Buy; Global Leader in Water/Wastewater Pumps, Instruments and Treatment Equipment
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Price: $119.68 -0.53%
Rating Summary:
17 Buy, 24 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 24 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc initiates coverage on Xylem (NYSE: XYL) with a Buy. PT $28.00.
KeyBanc analyst says, "Our 2011 estimate is set at $1.87 vs. about $1.84 in 2010, including a 4Q11 estimate (December) of $0.48 vs. approximately $0.55. Our 2012 estimate is set at $1.89. These estimates exclude spin related costs and restructuring expenses, though are inclusive of incremental, ongoing corporate expenses and related public company costs (estimated to be about $25 million-$35 million per year), of which $5 million-$10 million is expected to be incurred in 2011, with the remainder throughout the course of 2012. We point out that the year-over-year EPS decline we are forecasting for 4Q11 is driven by higher interest expense and effective tax rate."
For an analyst ratings summary and ratings history on Xylem click here. For more ratings news on Xylem click here.
Shares of Xylem closed at $24.27 yesterday.
KeyBanc analyst says, "Our 2011 estimate is set at $1.87 vs. about $1.84 in 2010, including a 4Q11 estimate (December) of $0.48 vs. approximately $0.55. Our 2012 estimate is set at $1.89. These estimates exclude spin related costs and restructuring expenses, though are inclusive of incremental, ongoing corporate expenses and related public company costs (estimated to be about $25 million-$35 million per year), of which $5 million-$10 million is expected to be incurred in 2011, with the remainder throughout the course of 2012. We point out that the year-over-year EPS decline we are forecasting for 4Q11 is driven by higher interest expense and effective tax rate."
For an analyst ratings summary and ratings history on Xylem click here. For more ratings news on Xylem click here.
Shares of Xylem closed at $24.27 yesterday.
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