Waters Corp. Price Target Cut to $105.00 (WAT)
Equities research analysts at Cowen and Company cut their target price on shares of Waters Corp. (NYSE:WAT) from $115.00 to $105.00 in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. Cowen and Company’s price target indicates a potential upside of 6.03% from the stock’s previous close.
Waters Corp. (NYSE:WAT) traded down 0.83% during mid-day trading on Wednesday, hitting $98.21. 586,386 shares of the company’s stock traded hands. Waters Corp. has a 52 week low of $92.04 and a 52 week high of $115.06. The stock has a 50-day moving average of $110.2 and a 200-day moving average of $105.2. The company has a market cap of $8.365 billion and a price-to-earnings ratio of 19.04.
Waters Corp. (NYSE:WAT) last released its earnings data on Tuesday, April 29th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.20. The company had revenue of $431.00 million for the quarter, compared to the consensus estimate of $447.90 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Waters Corp. will post $5.48 EPS for the current fiscal year.
WAT has been the subject of a number of other recent research reports. Analysts at Leerink Swann reiterated a “market perform” rating on shares of Waters Corp. in a research note on Wednesday. They now have a $106.00 price target on the stock, down previously from $120.00. Separately, analysts at Goldman Sachs raised their price target on shares of Waters Corp. from $106.00 to $108.00 in a research note on Friday, April 11th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Waters Corp. in a research note on Friday, March 28th. They now have a $113.00 price target on the stock. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $112.73.
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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