Waters Corp. [WAT] stock is trading at $345.66, down -1.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The WAT shares have gain 8.71% over the last week, with a monthly amount glided 20.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Waters Corp. [NYSE: WAT] stock has seen the most recent analyst activity on August 01, 2024, when Leerink Partners upgraded its rating to a Outperform and also boosted its price target to $375 from $325. On November 13, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $230 on the stock. Bernstein started tracking the stock assigning a Mkt Perform rating and suggested a price target of $280 on September 28, 2023. Evercore ISI downgraded its rating to a In-line and reduced its price target to $270 on July 31, 2023. Barclays downgraded its rating to Equal Weight for this stock on July 31, 2023, but kept the price target unchanged to $275. In a note dated December 14, 2022, Deutsche Bank initiated an Hold rating and provided a target price of $350 on this stock.
Waters Corp. [WAT] stock has fluctuated between $231.90 and $367.21 over the past year. Currently, Wall Street analysts expect the stock to reach $308.75 within the next 12 months. Waters Corp. [NYSE: WAT] shares were valued at $345.66 at the most recent close of the market. An investor can expect a potential drop of -10.68% based on the average WAT price forecast.
Analyzing the WAT fundamentals
Waters Corp. [NYSE:WAT] reported sales of 2.88B for the trailing twelve months, which represents a drop of -4.33%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.5 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 334.13 points at the first support level, and at 322.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 352.31, and for the 2nd resistance point, it is at 358.96.
Ratios To Look Out For
For context, Waters Corp.’s Current Ratio is 2.10. On the other hand, the Quick Ratio is 1.42, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 7.13, the price to book ratio is 14.53 and price to earnings (TTM) ratio is 34.44.
Transactions by insiders
Recent insider trading involved FEARON RICHARD H, Director, that happened on May 28 ’24 when 1000.0 shares were purchased. Director, KUEBLER CHRISTOPHER A completed a deal on May 15 ’24 to sell 4000.0 shares. Meanwhile, Director BADDOUR LINDA sold 500.0 shares on Mar 13 ’24.
