Waters Corp. Now Covered by Analysts at Maxim Group (WAT)
Equities researchers at Maxim Group initiated coverage on shares of Waters Corp. (NYSE:WAT) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on WAT. Analysts at Janney Montgomery Scott initiated coverage on shares of Waters Corp. (NYSE:WAT) in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Waters Corp. (NYSE:WAT) in a research note to investors on Monday, July 29th. They now have a $105.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Waters Corp. (NYSE:WAT) from $95.00 to $101.00 in a research note to investors on Wednesday, July 24th. They now have a “neutral” rating on the stock. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $101.38.
Shares of Waters Corp. (NYSE:WAT) traded up 0.95% during mid-day trading on Thursday, hitting $107.73. 772,132 shares of the company’s stock traded hands. Waters Corp. has a one year low of $78.33 and a one year high of $107.55. The stock has a 50-day moving average of $102.3 and a 200-day moving average of $98.45. The company has a market cap of $9.181 billion and a price-to-earnings ratio of 19.25.
Waters Corp. (NYSE:WAT) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.21 by $0.13. The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $465.90 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis.
Waters Corporation (NYSE:WAT) is an analytical instrument manufacturer that primarily designs, manufactures, sells and services, through its Waters Division, 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.
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