Goldman Sachs Group Inc. Reiterates “Buy” Rating for Waters Corp. (WAT)
Waters Corp. (NYSE:WAT)‘s stock had its “buy” rating reiterated by Goldman Sachs Group Inc. in a research note issued on Tuesday, Analyst Ratings News reports. They currently have a $126.00 price objective on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 23.54% from the company’s current price.
Waters Corp. (NYSE:WAT) traded up 0.69% during mid-day trading on Tuesday, hitting $101.99. The stock had a trading volume of 589,931 shares. Waters Corp. has a 52 week low of $77.45 and a 52 week high of $106.00. The stock’s 50-day moving average is $101.2 and its 200-day moving average is $97.69. The company has a market cap of $8.691 billion and a price-to-earnings ratio of 18.27.
Waters Corp. (NYSE:WAT) last announced its earnings results on Tuesday, October 22nd. The company reported $1.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.22 by $0.03. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $463.99 million. During the same quarter last year, the company posted $1.18 earnings per share. Waters Corp.’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Waters Corp. will post $4.95 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho cut their price target on shares of Waters Corp. from $110.00 to $105.00 in a research note to investors on Tuesday, October 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Waters Corp. in a research note to investors on Friday, October 11th. They now have a $109.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Waters Corp. has an average rating of “Hold” and an average target price of $102.35.
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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