Waters Corporation (WAT) Getting Somewhat Positive News Coverage, Analysis Finds

Press coverage about Waters Corporation (NYSE:WAT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Waters Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the medical instruments supplier an impact score of 47.172107192624 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Waters Corporation (WAT) traded down $1.39 during trading hours on Monday, reaching $198.21. 358,500 shares of the company traded hands, compared to its average volume of 519,125. The company has a market cap of $15,764.24, a P/E ratio of 27.53, a PEG ratio of 2.88 and a beta of 0.83. Waters Corporation has a 12-month low of $133.35 and a 12-month high of $199.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 5.71 and a current ratio of 6.16.

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

WAT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Waters Corporation from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a research note on Monday, October 23rd. BidaskClub downgraded shares of Waters Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Barclays PLC increased their price objective on shares of Waters Corporation from $188.00 to $193.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 25th. Deutsche Bank AG increased their price objective on shares of Waters Corporation from $199.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $175.00 price objective on shares of Waters Corporation in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $193.62.

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In other Waters Corporation news, SVP Rohit Khanna sold 26,913 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $197.93, for a total transaction of $5,326,890.09. Following the transaction, the senior vice president now owns 13,677 shares of the company’s stock, valued at approximately $2,707,088.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Elizabeth B. Rae sold 12,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $197.95, for a total transaction of $2,375,400.00. Following the transaction, the senior vice president now directly owns 18,129 shares in the company, valued at approximately $3,588,635.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,313 shares of company stock worth $11,120,642. 5.07% of the stock is currently owned by insiders.

Waters Corporation Company Profile

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 Corporation (NYSE:WAT)

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