Waters Corp [WAT] stock prices are up 19.84% to $387.21 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WAT shares have gain 19.31% over the last week, with a monthly amount glided 9.26%, 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 October 08, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $415 from $355. Previously, Wells Fargo started tracking the stock with Overweight rating on August 28, 2024, and set its price target to $380. On August 01, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $375 on the stock. Barclays downgraded its rating to a Underweight and reduced its price target to $230 on November 13, 2023. Bernstein started tracking with a Mkt Perform rating for this stock on September 28, 2023, and assigned it a price target of $280. In a note dated July 31, 2023, Evercore ISI downgraded an In-line rating on this stock and revised its target price from $285 to $270.
The stock price of Waters Corp [WAT] has been fluctuating between $234.04 and $367.21 over the past year. Currently, Wall Street analysts expect the stock to reach $356.8 within the next 12 months. Waters Corp [NYSE: WAT] shares were valued at $387.21 at the most recent close of the market. An investor can expect a potential drop of -7.85% based on the average WAT price forecast.
Analyzing the WAT fundamentals
The Waters Corp [NYSE:WAT] reported sales of 2.91B for trailing twelve months, representing a surge of 4.02%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.46 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 376.46 points at the first support level, and at 365.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 393.66, and for the 2nd resistance point, it is at 400.11.
Ratios To Look Out For
It’s worth pointing out that Waters Corp [NYSE:WAT]’s Current Ratio is 2.02. Also, the Quick Ratio is 1.38, while the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 9.48, the price to book ratio is 14.34 and price to earnings (TTM) ratio is 36.95.
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.
