Waters Receives Consensus Rating of “Hold” from Analysts (NYSE:WAT)
Shares of Waters (NYSE:WAT) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the stock, Stock Ratings Network.com reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $113.77.
Waters (NYSE:WAT) opened at 104.52 on Friday. 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 $103.8 and its 200-day moving average is $106.. The company has a market cap of $8.776 billion and a price-to-earnings ratio of 22.07.
Waters (NYSE:WAT) last posted its quarterly 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. Analysts expect that Waters will post $5.32 EPS for the current fiscal year.
WAT has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Waters in a research note on Monday. They set a “hold” rating on the stock. Separately, 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. Finally, 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.
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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