Waters Corp. [WAT] stock prices are down -1.12% to $340.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WAT shares have gain 1.99% over the last week, with a monthly amount glided 1.01%, 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 28, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $380. Previously, Leerink Partners upgraded its rating to Outperform on August 01, 2024, and elevated its price target to $375. Barclays downgraded its rating to a Underweight and decreased its price target to $230 on November 13, 2023. Bernstein initiated its recommendation with a Mkt Perform and recommended $280 as its price target on September 28, 2023. Evercore ISI downgraded its rating to In-line for this stock on July 31, 2023, and downed its price target to $270. In a note dated July 31, 2023, Barclays downgraded an Equal Weight rating on this stock but restated the target price of $275.
The stock price of Waters Corp. [WAT] has been fluctuating between $231.90 and $367.21 over the past year. Currently, Wall Street analysts expect the stock to reach $325 within the next 12 months. Waters Corp. [NYSE: WAT] shares were valued at $340.00 at the most recent close of the market. An investor can expect a potential drop of -4.41% based on the average WAT price forecast.
Analyzing the WAT fundamentals
The Waters Corp. [NYSE:WAT] reported sales of 2.88B for trailing twelve months, representing 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 337.12 points at the first support level, and at 334.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 343.48, and for the 2nd resistance point, it is at 346.96.
Ratios To Look Out For
It’s worth pointing out that Waters Corp. [NYSE:WAT]’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 7.02, the price to book ratio is 14.29 and price to earnings (TTM) ratio is 33.88.
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.
