Media headlines about Waters Corporation (NYSE:WAT) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Waters Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the medical instruments supplier an impact score of 47.1506388444669 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Brokers Issue Forecasts for Waters Corporation’s Q1 2018 Earnings (WAT) (americanbankingnews.com)
- As Oil Prices Rise, Global Majors Eye Mexico’s Deep Waters (gcaptain.com)
- Q4 2018 Earnings Forecast for Waters Corporation (WAT) Issued By Jefferies Group (americanbankingnews.com)
- Waters Corporation (WAT) Given New $202.00 Price Target at Bank of America Corporation (americanbankingnews.com)
- Metrics for Quant Score Drive Upgrade of Waters (WAT) to Buy (investorplace.com)
Waters Corporation (WAT) traded down $0.80 during trading hours on Wednesday, reaching $194.84. The company’s stock had a trading volume of 210,100 shares, compared to its average volume of 520,550. Waters Corporation has a 52 week low of $133.35 and a 52 week high of $199.78. 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 stock has a market cap of $15,480.31, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.82 and a beta of 0.83.
Waters Corporation (NYSE:WAT) last posted its quarterly earnings data on Tuesday, October 24th. The medical instruments supplier reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.03. Waters Corporation had a return on equity of 23.61% and a net margin of 24.34%. The company had revenue of $565.58 million during the quarter, compared to analyst estimates of $555.25 million. During the same period in the previous year, the business earned $1.57 EPS. Waters Corporation’s quarterly revenue was up 7.4% on a year-over-year basis. analysts anticipate that Waters Corporation will post 7.42 earnings per share for the current year.
WAT has been the subject of several analyst reports. Zacks Investment Research raised Waters Corporation from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a report on Monday, October 23rd. BidaskClub cut Waters Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Barclays PLC boosted their price objective on Waters Corporation from $188.00 to $193.00 and gave the company an “equal weight” rating in a report on Wednesday, October 25th. Jefferies Group LLC reissued a “hold” rating and issued a $175.00 price objective on shares of Waters Corporation in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Waters Corporation in a report on Tuesday, September 26th. They issued a “hold” rating and a $180.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned 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 $193.62.
In other Waters Corporation news, SVP Rohit Khanna sold 26,913 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $197.93, for a total transaction of $5,326,890.09. Following the completion of the sale, the senior vice president now directly 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 through this link. Also, SVP Elizabeth B. Rae sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $197.95, for a total value of $2,375,400.00. Following the sale, the senior vice president now owns 18,129 shares of the company’s stock, valued at $3,588,635.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,313 shares of company stock valued at $11,120,642. 5.07% of the stock is owned by company insiders.
About Waters Corporation
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.
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