Waters Corp. Sets New 1-Year High at $111.00 (WAT)
Waters Corp. (NYSE:WAT) set a new 52-week high during trading on Tuesday, Analyst Ratings Network reports. The stock traded as high as $111.00 and last traded at $109.90, with a volume of 1,072,029 shares. The stock had previously closed at $102.90.
A number of analysts have recently weighed in on WAT shares. Analysts at ISI Group raised their price target on shares of Waters Corp. from $109.50 to $115.50 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Waters Corp. in a research note to investors on Tuesday. They now have a $125.00 price target on the stock, up previously from $110.00. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $105.95.
Waters Corp. has a one year low of $87.85 and a one year high of $108.89. The stock’s 50-day moving average is $100.2 and its 200-day moving average is $101.6. The company has a market cap of $9.373 billion and a P/E ratio of 18.44.
Waters Corp. (NYSE:WAT) last released its earnings data on Tuesday, January 28th. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.59 earnings per share. The company’s quarterly revenue 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.
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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