Waters (WAT) Receiving Favorable News Coverage, Analysis Shows

Press coverage about Waters (NYSE:WAT) has trended positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waters earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news coverage about the medical instruments supplier an impact score of 45.8381564137451 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms recently issued reports on WAT. Morgan Stanley upgraded Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 price target on the stock in a research report on Monday, December 4th. Evercore ISI began coverage on Waters in a research report on Wednesday, January 3rd. They set an “in-line” rating and a $198.00 price target on the stock. Goldman Sachs Group began coverage on Waters in a research report on Tuesday, September 26th. They set a “hold” rating and a $180.00 price target on the stock. Zacks Investment Research upgraded Waters from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research report on Monday, October 23rd. Finally, Cleveland Research lowered Waters from a “buy” rating to a “neutral” rating in a research report on Monday, October 9th. Eleven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $197.33.

Waters (NYSE:WAT) traded up $2.85 on Friday, reaching $210.72. The company had a trading volume of 739,331 shares, compared to its average volume of 438,908. Waters has a fifty-two week low of $137.72 and a fifty-two week high of $211.65. The company has a current ratio of 6.16, a quick ratio of 5.71 and a debt-to-equity ratio of 0.66. The company has a market cap of $16,635.13, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 2.80 and a beta of 0.82.

Waters (NYSE:WAT) last released its quarterly earnings data on Tuesday, October 24th. The medical instruments supplier reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.03. Waters had a return on equity of 23.61% and a net margin of 24.34%. The business had revenue of $565.58 million during the quarter, compared to analysts’ expectations of $555.25 million. During the same quarter last year, the business posted $1.57 EPS. The business’s revenue was up 7.4% on a year-over-year basis. equities research analysts anticipate that Waters will post 7.42 EPS for the current fiscal year.

In other Waters news, SVP Rohit Khanna sold 26,913 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $197.93, for a total value of $5,326,890.09. Following the completion of the sale, the senior vice president now owns 13,677 shares in the company, valued at approximately $2,707,088.61. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas P. Salice sold 3,500 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $200.03, for a total value of $700,105.00. Following the completion of the sale, the director now owns 20,349 shares of the company’s stock, valued at approximately $4,070,410.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,159 shares of company stock valued at $18,412,172. Company insiders own 5.07% of the company’s stock.

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About Waters

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.

Insider Buying and Selling by Quarter for Waters (NYSE:WAT)

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