Waters Given Average Rating of “Hold” by Analysts (NYSE:WAT)
Shares of Waters (NYSE:WAT) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Analyst Ratings Network reports. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $113.77.
A number of research firms have recently commented on WAT. Analysts at Stifel Nicolaus initiated coverage on shares of Waters in a research note on Monday, August 11th. 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.
Shares of Waters (NYSE:WAT) opened at 104.34 on Friday. 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 $103.7 and its 200-day moving average is $106.5. The company has a market cap of $8.761 billion and a price-to-earnings ratio of 21.85.
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. On average, analysts predict that Waters will post $5.32 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.