Waters Corp. Given “Fair Value” Rating at Janney Montgomery Scott (WAT)
Waters Corp. (NYSE:WAT)‘s stock had its “fair value” rating restated by analysts at Janney Montgomery Scott in a research report issued to clients and investors on Tuesday, Analyst Ratings Net reports. They currently have a $125.00 price objective on the stock, up from their previous price objective of $110.00. Janney Montgomery Scott’s price objective suggests a potential upside of 21.48% from the stock’s previous close.
Shares of Waters Corp. (NYSE:WAT) traded up 7.08% on Tuesday, hitting $110.185. The stock had a trading volume of 586,618 shares. Waters Corp. has a 52-week low of $87.85 and a 52-week high of $108.89. The stock has a 50-day moving average of $100.2 and a 200-day moving average of $101.6. The company has a market cap of $9.380 billion and a price-to-earnings ratio of 18.44.
Waters Corp. (NYSE:WAT) last announced its earnings results on Tuesday, January 28th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.09. The company had revenue of $565.00 million for the quarter, compared to the consensus estimate of $535.58 million. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Waters Corp. will post $4.95 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Waters Corp. in a research note to investors on Friday, January 10th. They now have a $106.00 price target on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of Waters Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $104.50.
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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