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Investment analysts at Stifel Nicolaus initiated coverage on shares of Waters (NYSE:WAT) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.

Waters (NYSE:WAT) traded down 0.02% during mid-day trading on Monday, hitting $103.57. 410,630 shares of the company’s stock traded hands. Waters has a one year low of $94.50 and a one year high of $115.06. The stock’s 50-day moving average is $103.9 and its 200-day moving average is $106.6. The company has a market cap of $8.696 billion and a P/E ratio of 21.88.

Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.08 earnings per share. Waters’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Waters will post $5.32 EPS for the current fiscal year.

In other Waters news, Director Laurie H. M.D. Glimcher unloaded 5,500 shares of Waters stock on the open market in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.65, for a total value of $581,075.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of other firms have also recently commented on WAT. Analysts at Jefferies Group raised their price target on shares of Waters from $98.00 to $105.00 in a research note on Wednesday, July 23rd. They now have a “hold” rating 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. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $113.77.

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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