Waters Corporation (NYSE: WAT) is one of 82 publicly-traded companies in the “Advanced Medical Equipment & Technology” industry, but how does it contrast to its competitors? We will compare Waters Corporation to similar businesses based on the strength of its analyst recommendations, valuation, risk, earnings, dividends, institutional ownership and profitability.

Insider & Institutional Ownership

91.0% of Waters Corporation shares are held by institutional investors. Comparatively, 53.2% of shares of all “Advanced Medical Equipment & Technology” companies are held by institutional investors. 5.1% of Waters Corporation shares are held by insiders. Comparatively, 17.2% of shares of all “Advanced Medical Equipment & Technology” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Waters Corporation and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Waters Corporation 24.26% 23.91% 11.89%
Waters Corporation Competitors -327.75% -39.89% -12.35%

Volatility and Risk

Waters Corporation has a beta of 0.81, indicating that its share price is 19% less volatile than the S&P 500. Comparatively, Waters Corporation’s competitors have a beta of 0.89, indicating that their average share price is 11% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current recommendations for Waters Corporation and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Waters Corporation 2 6 5 0 2.23
Waters Corporation Competitors 424 2204 3412 123 2.52

Waters Corporation presently has a consensus target price of $184.73, indicating a potential upside of 0.49%. As a group, “Advanced Medical Equipment & Technology” companies have a potential downside of 21.14%. Given Waters Corporation’s higher possible upside, research analysts clearly believe Waters Corporation is more favorable than its competitors.

Earnings & Valuation

This table compares Waters Corporation and its competitors gross revenue, earnings per share and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Waters Corporation $2.21 billion $766.04 million 27.77
Waters Corporation Competitors $2.02 billion $430.74 million -69.45

Waters Corporation has higher revenue and earnings than its competitors. Waters Corporation is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Summary

Waters Corporation beats its competitors on 8 of the 13 factors compared.

Waters Corporation Company Profile

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans. It also designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments through its TA product line. It is also a developer and supplier of software-based products that interface with the Company’s instruments, as well as other suppliers’ instruments. Its LC and LC-MS instruments are utilized in a range of industries to detect, identify, monitor and measure the chemical, physical and biological composition of materials, and to purify a range of compounds.

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