Waters Now Covered by Analysts at Citigroup Inc. (WAT)
Citigroup Inc. started coverage on shares of Waters (NYSE:WAT) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $112.00 price target on the stock. Citigroup Inc.’s price target would suggest a potential upside of 10.34% from the company’s current price.
Shares of Waters (NYSE:WAT) traded down 0.03% on Thursday, hitting $101.465. The stock had a trading volume of 77,419 shares. Waters has a 1-year low of $94.50 and a 1-year high of $115.06. The stock’s 50-day moving average is $103.9 and its 200-day moving average is $106.4. The company has a market cap of $8.603 billion and a price-to-earnings ratio of 21.92.
Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.92 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.07 earnings per share. Waters’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Waters will post $5.32 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WAT. Analysts at Zacks reiterated a “neutral” rating on shares of Waters in a research note on Wednesday, June 11th. They now have a $110.00 price target on the stock. Separately, analysts at Macquarie cut their price target on shares of Waters from $124.00 to $117.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Waters from $115.00 to $105.00 in a research note on Wednesday, April 30th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Waters has an average rating of “Hold” and an average target price of $112.65.
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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