Waters Corp. Given New $126.00 Price Target at Goldman Sachs Group Inc. (WAT)
Goldman Sachs Group Inc. boosted their price target on shares of Waters Corp. (NYSE:WAT) from $122.00 to $126.00 in a research note issued on Friday, American Banking News reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 17.45% from the stock’s previous close.
Shares of Waters Corp. (NYSE:WAT) traded down 0.42% during mid-day trading on Friday, hitting $107.28. 419,396 shares of the company’s stock traded hands. Waters Corp. has a 52-week low of $78.33 and a 52-week high of $107.82. The stock’s 50-day moving average is $102.5 and its 200-day moving average is $98.51. The company has a market cap of $9.142 billion and a P/E ratio of 19.43.
Waters Corp. (NYSE:WAT) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.08 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.17 earnings per share. Waters Corp.’s revenue was up .0% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at Maxim Group initiated coverage on shares of Waters Corp. (NYSE:WAT) in a research note to investors on Thursday. They set a “buy” rating and a $129.00 price target on the stock. Separately, 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. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $103.96.
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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