Waters (WAT) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Waters in the last year. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WAT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WAT, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued twelve-month target prices for Waters' stock. Their WAT share price forecasts range from $288.00 to $378.00. On average, they expect the company's share price to reach $335.27 in the next twelve months. This suggests a possible upside of 33.5% from the stock's current price.
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Waters' stock was trading at $342.58 at the start of the year. Since then, WAT stock has decreased by 26.7% and is now trading at $251.22.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Waters Co. (NYSE:WAT) released its quarterly earnings results on Tuesday, May, 9th. The medical instruments supplier reported $2.49 EPS for the quarter, missing analysts' consensus estimates of $2.60 by $0.11. The medical instruments supplier earned $684.67 million during the quarter, compared to analysts' expectations of $697.86 million. Waters had a net margin of 23.22% and a trailing twelve-month return on equity of 149.31%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.80 earnings per share.
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ETFs with the largest weight of Waters (NYSE:WAT) stock in their portfolio include AXS Cannabis ETF (THCX), Invesco Water Resources ETF (PHO), VictoryShares THB Mid Cap ESG ETF (MDCP), Invesco Global Water ETF (PIO), Nuveen ESG Mid-Cap Growth ETF (NUMG), Newday Ocean Health ETF (AHOY), First Trust Indxx Medical Devices ETF (MDEV) and iShares Biotechnology ETF (IBB).

Waters issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of $12.55-$12.75 for the period, compared to the consensus estimate of $12.70. The company issued revenue guidance of $3.13 billion-$3.19 billion, compared to the consensus revenue estimate of $3.20 billion.

13 employees have rated Waters Chief Executive Officer Udit Batra on Glassdoor.com. Udit Batra has an approval rating of 100% among the company's employees. This puts Udit Batra in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Waters investors own include Thermo Fisher Scientific (TMO), Raytheon Technologies (RTX), CVS Health (CVS), Home Depot (HD), Johnson & Johnson (JNJ), Abbott Laboratories (ABT), Verizon Communications (VZ), Cisco Systems (CSCO) and Walmart (WMT).

Waters trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAT."

Waters' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.90%), Bank of New York Mellon Corp (5.84%), State Street Corp (4.39%), Geode Capital Management LLC (2.08%), Wellington Management Group LLP (1.86%) and Fundsmith Investment Services LTD. (1.54%). Insiders that own company stock include Christopher A Kuebler, Christopher J Oconnell, Edward Conard, Ian King, Joann A Reed, Linda Baddour, Mark P Vergnano, Michael C Harrington, Michael J Berendt, Robert G Carson, Sherry Buck and Thomas P Salice.
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Shares of WAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WAT stock can currently be purchased for approximately $251.22.

Waters (NYSE:WAT) has a market capitalization of $14.83 billion and generates $2.97 billion in revenue each year. The medical instruments supplier earns $707.76 million in net income (profit) each year or $11.51 on an earnings per share basis.

The company employs 8,200 workers across the globe.

Waters' mailing address is 34 MAPLE STREET, MILFORD MA, 01757. The official website for the company is www.waters.com. The medical instruments supplier can be reached via phone at (508) 478-2000, via email at investor_relations@waters.com, or via fax at 508-872-1990.