Waters Corporation (WAT) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of Waters Corporation (NYSE:WAT) in a report published on Thursday, August 31st. Jefferies Group LLC currently has a $175.00 price target on the medical instruments supplier’s stock.

A number of other equities research analysts have also recently issued reports on the stock. BidaskClub raised shares of Waters Corporation from a buy rating to a strong-buy rating in a research report on Wednesday, August 16th. Zacks Investment Research raised shares of Waters Corporation from a hold rating to a buy rating and set a $194.00 target price for the company in a research report on Friday, July 28th. Morgan Stanley reaffirmed an underweight rating and set a $183.00 price objective (up previously from $174.00) on shares of Waters Corporation in a research report on Wednesday, July 26th. Bank of America Corporation reaffirmed a neutral rating and set a $192.00 price objective (up previously from $180.00) on shares of Waters Corporation in a research report on Friday, July 21st. Finally, Cowen and Company reaffirmed a hold rating and set a $190.00 price objective on shares of Waters Corporation in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $186.00.

Waters Corporation (NYSE:WAT) opened at 189.29 on Thursday. The firm has a market cap of $15.11 billion, a price-to-earnings ratio of 28.53 and a beta of 0.83. Waters Corporation has a one year low of $133.35 and a one year high of $190.39. The firm has a 50 day moving average of $180.64 and a 200-day moving average of $173.26.

Waters Corporation (NYSE:WAT) last released its quarterly earnings data on Tuesday, July 25th. The medical instruments supplier reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.05. The firm had revenue of $558.30 million for the quarter, compared to the consensus estimate of $553.22 million. Waters Corporation had a net margin of 24.26% and a return on equity of 23.91%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 earnings per share. Equities research analysts forecast that Waters Corporation will post $7.38 EPS for the current fiscal year.

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In other Waters Corporation news, SVP Rohit Khanna sold 18,400 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $185.78, for a total transaction of $3,418,352.00. Following the transaction, the senior vice president now directly owns 22,477 shares in the company, valued at approximately $4,175,777.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher A. Kuebler sold 3,500 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $179.67, for a total value of $628,845.00. Following the transaction, the director now owns 17,849 shares in the company, valued at $3,206,929.83. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

A number of large investors have recently modified their holdings of WAT. Macquarie Group Ltd. lifted its stake in Waters Corporation by 1,750.0% during the 4th quarter. Macquarie Group Ltd. now owns 3,700 shares of the medical instruments supplier’s stock valued at $497,000 after acquiring an additional 3,500 shares in the last quarter. Creative Planning lifted its stake in Waters Corporation by 1.6% during the 1st quarter. Creative Planning now owns 744 shares of the medical instruments supplier’s stock valued at $116,000 after acquiring an additional 12 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Waters Corporation by 1.4% during the 1st quarter. Retirement Systems of Alabama now owns 38,713 shares of the medical instruments supplier’s stock valued at $6,051,000 after acquiring an additional 520 shares in the last quarter. Profund Advisors LLC lifted its stake in Waters Corporation by 10.0% during the 1st quarter. Profund Advisors LLC now owns 3,375 shares of the medical instruments supplier’s stock valued at $528,000 after acquiring an additional 307 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in Waters Corporation by 0.6% during the 1st quarter. ProShare Advisors LLC now owns 8,019 shares of the medical instruments supplier’s stock valued at $1,253,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.

Waters Corporation Company Profile

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services 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.

Analyst Recommendations for Waters Corporation (NYSE:WAT)

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