Waters Given New $105.00 Price Target at Jefferies Group (WAT)
Investment analysts at Jefferies Group upped their target price on shares of Waters (NYSE:WAT) from $98.00 to $105.00 in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential downside of 2.02% from the stock’s previous close.
Shares of Waters (NYSE:WAT) opened at 107.16 on Wednesday. Waters has a 52-week low of $94.50 and a 52-week high of $115.06. The stock’s 50-day moving average is $104.1 and its 200-day moving average is $106.4. The company has a market cap of $9.086 billion and a P/E ratio of 21.87.
Waters (NYSE:WAT) last announced its earnings results on Tuesday, July 22nd. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.01. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $475.80 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Waters will post $5.31 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Waters in a research note on Thursday, July 17th. They set a “neutral” rating and a $112.00 price target on the stock. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $113.50.
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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