Waters Corporation (WAT) Receives $149.20 Consensus Target Price from Brokerages
Shares of Waters Corporation (NYSE:WAT) have received a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $149.20.
Several equities research analysts have commented on the stock. Barclays PLC restated a “hold” rating and issued a $148.00 price target on shares of Waters Corporation in a research note on Monday, January 9th. William Blair upgraded shares of Waters Corporation from a “market perform” rating to an “outperform” rating in a research note on Friday, January 6th. Zacks Investment Research lowered shares of Waters Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Cantor Fitzgerald set a $170.00 price target on shares of Waters Corporation and gave the company a “buy” rating in a research note on Thursday, December 8th. Finally, Leerink Swann restated an “outperform” rating and issued a $163.00 price target on shares of Waters Corporation in a research note on Thursday, November 10th.
Waters Corporation (NYSE:WAT) opened at 141.32 on Monday. The firm has a market capitalization of $11.39 billion, a P/E ratio of 23.17 and a beta of 0.91. The company’s 50 day moving average price is $137.03 and its 200 day moving average price is $147.82. Waters Corporation has a 12 month low of $112.00 and a 12 month high of $162.53.
Waters Corporation (NYSE:WAT) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.57 EPS for the quarter, meeting the consensus estimate of $1.57. Waters Corporation had a net margin of 23.44% and a return on equity of 24.33%. The company had revenue of $527 million for the quarter, compared to analyst estimates of $330.78 million. During the same quarter last year, the business earned $1.42 earnings per share. Waters Corporation’s revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Waters Corporation will post $6.54 EPS for the current year.
A number of institutional investors have recently bought and sold shares of WAT. Van ECK Associates Corp raised its position in Waters Corporation by 24.8% in the second quarter. Van ECK Associates Corp now owns 719 shares of the company’s stock worth $101,000 after buying an additional 143 shares in the last quarter. Roble Belko & Company Inc purchased a new position in Waters Corporation during the second quarter worth approximately $113,000. Creative Planning raised its position in Waters Corporation by 267.6% in the third quarter. Creative Planning now owns 772 shares of the company’s stock worth $122,000 after buying an additional 562 shares in the last quarter. Advisor Group Inc. raised its position in Waters Corporation by 1.0% in the third quarter. Advisor Group Inc. now owns 956 shares of the company’s stock worth $131,000 after buying an additional 9 shares in the last quarter. Finally, Woodmont Investment Counsel LLC purchased a new position in Waters Corporation during the third quarter worth approximately $139,000. 90.34% of the stock is owned by hedge funds and other institutional investors.
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Waters Corporation Company Profile
Waters Corporation is an analytical instrument manufacturer. The Company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company operates through two segments: Waters Division and TA Division.
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