NYSE:WAT

Waters (WAT) Stock Forecast, Price & News

$275.35

+3.01 (+1.11%)

(As of 09/28/2023 ET)

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Today's Range: $269.31
▼
$276.76
50-Day Range: $260.36
▼
$296.73
52-Week Range: $248.18
▼
$353.70

Volume: 846,933 shs
Average Volume: 479,763 shs
Market Capitalization: $16.27 billion

P/E Ratio: 24.28
Dividend Yield: N/A
Price Target: $319.13

Waters MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 14.3% Upside
$314.78 Price Target
Short Interest: Bearish
6.14% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.63
Upright™ Environmental Score
News Sentiment: -0.02
Based on 56 Articles This Week
Insider Trading: Selling Shares
$1.17 M Sold Last Quarter
Proj. Earnings Growth: 9.64%
From $12.24 to $13.42 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Medical Sector

720th out of 969 stocks

Analytical Instruments Industry

19th out of 28 stocks

2.0

Analyst's Opinion

Consensus Rating
Waters has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $314.78, Waters has a forecasted upside of 14.3% from its current price of $275.35.
Amount of Analyst Coverage
Waters has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.14% of the float of Waters has been sold short.
Short Interest Ratio / Days to Cover
Waters has a short interest ratio ("days to cover") of 7.2.
Change versus previous month
Short interest in Waters has recently increased by 1.40%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Waters does not currently pay a dividend.
Dividend Growth
Waters does not have a long track record of dividend growth.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Waters has received a 41.86% net impact score from Upright. Waters seems to create the most significant positive value in categories "Taxes", "Physical diseases", and "Jobs". The positive contribution in the "Physical diseases" impact category is mostly driven by its "Plastic medicine vials", "Chromatography columns", and "Operating systems for diagnostic and treatment machines" products. See details.
Environmental Sustainability
The Environmental Impact score for Waters is -1.63.

1.1

News and Social Media Coverage

News Sentiment
Waters has a news sentiment score of -0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 56 news articles for Waters this week, compared to 22 articles on an average week.
Search Interest
Only 1 people have searched for WAT on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Waters to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Waters insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,165,920.00 in company stock.
Percentage Held by Insiders
Only 0.98% of the stock of Waters is held by insiders.
Percentage Held by Institutions
94.01% of the stock of Waters is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Waters are expected to grow by 9.64% in the coming year, from $12.24 to $13.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Waters is 24.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Waters is 24.28, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 130.59.
Price to Earnings Growth Ratio
Waters has a PEG Ratio of 3.26. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Waters has a P/B Ratio of 32.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Waters (NYSE:WAT) Stock

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.

WAT Price History

30 days | 90 days | 365 days | Advanced Chart

WAT Stock News Headlines

September 28, 2023 | msn.com

Secretary Of State Antony Blinken Performs Muddy Waters’ ‘Hoochie Coochie Man’ To Kick Off Global Music Diplomacy Initiative

September 28, 2023 | news.yahoo.com

400-pound ‘gentle giant’ pulled from waters off New York. Check out the massive catch

September 28, 2023 | Chaikin Analytics (Ad)

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September 28, 2023 | usatoday.com

Rare Dumbo octopus spotted in deep waters near Hawaiian Islands

September 28, 2023 | bbc.com

Wales 20mph: No confidence vote in minister Lee Waters fails

September 28, 2023 | theguardian.com

Roger Waters accused of repeated antisemitism in new documentary

September 28, 2023 | yahoo.com

Researchers Spot Rare Dumbo Octopus in ‘Largely Unexplored’ Waters Near Hawaii

September 28, 2023 | news.yahoo.com

‘One murder is one murder too many:’ Sheriff T.K. Waters heartbroken over the loss of innocent lives

September 28, 2023 | Chaikin Analytics (Ad)

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September 27, 2023 | msn.com

Law changes aim to make coastal waters safer

September 27, 2023 | msn.com

Waters Corporation: Buybacks Ceased, Incremental Returns Languishing (Rating Downgrade)

September 27, 2023 | msn.com

Rep. Waters Political Foe Seeks Nearly $100,000 in Attorneys’ Fees

September 27, 2023 | msn.com

Roger Waters of Pink Floyd mocked musician's relative who died in Holocaust, report claims

September 27, 2023 | seekingalpha.com

Waters Has Made Progress In Repositioning The Business, And The Valuation Is Much More Accommodating Now

September 27, 2023 | msn.com

Pink Floyd's Roger Waters 'mocked musician's grandmother who died in Holocaust'

September 27, 2023 | msn.com

Pink Floyd co-founder Roger Waters accused of anti-Semitic behavior including swastika confetti, ‘Jew food’ remarks: report

September 27, 2023 | msn.com

Lee Waters says some Welsh roads could return to 30mph as he faces no confidence vote

September 27, 2023 | bbc.com

Law changes aim to make Jersey's coastal waters safer

September 26, 2023 | msn.com

Public swimming advisory lifted for waters of Arnica Bay at Pirate’s Cove: ADPH

September 26, 2023 | msn.com

Lee Waters vows 'the 20mph law is right' as he faces vote of no confidence

September 26, 2023 | msn.com

Matthew Mitcham on making his London stage debut, dream role with John Waters, &… er, crabs

September 26, 2023 | msn.com

Rutherford’s Ja’yvionn Waters Hustles His Way to our Play of the Week Honors

September 26, 2023 | bbc.com

20mph row is personal and unpleasant, says Lee Waters

September 26, 2023 | msn.com

Maxine Waters Claims Republicans Are Eliminating Education

September 26, 2023 | msn.com

Police Officer Hailed a Hero for Rescuing Pit Bull From N.C. Flood Waters

September 25, 2023 | msn.com

Maxine Waters Trashes 'Pathetic' Kevin McCarthy, Won't 'Save' the House Speaker if GOP Votes to Oust Him: 'He Doesn’t Know What He’s Doing'

September 25, 2023 | msn.com

Confronting college’s contaminated ideological waters

See More Headlines

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WAT Company Calendar

Last Earnings: 8/02/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Analytical instruments
Sub-Industry: Life Sciences Tools & Services
Sector: Medical
Current Symbol: NYSE:WAT
CUSIP: 94184810
CIK: 1000697
Web: www.waters.com
Phone: (508) 478-2000
Fax: 508-872-1990
Employees: 8,200
Year Founded: 1958

Price Target and Rating

Average Stock Price Forecast: $314.78
High Stock Price Forecast: $352.00
Low Stock Price Forecast: $280.00
Forecasted Upside/Downside: +15.7%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.34
Trailing P/E Ratio: 24.33
Forward P/E Ratio: 22.54
P/E Growth: 3.26
Net Income: $707.76 million
Net Margins: 22.54%
Pretax Margin: 26.88%
Return on Equity: 124.03%
Return on Assets: 19.74%

Debt

Debt-to-Equity Ratio: 3.35
Current Ratio: 2.08
Quick Ratio: 1.41

Sales & Book Value

Annual Sales: $2.97 billion
Price / Sales: 5.49
Cash Flow: $14.82 per share
Price / Cash Flow: 18.61
Book Value: $8.49 per share
Price / Book: 32.50

Miscellaneous

Outstanding Shares: 59,100,000
Free Float: 58,524,000
Market Cap: $16.31 billion
Optionable: Optionable
Beta: 0.87

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Key Executives

Dr. Udit Batra Ph.D. (Age 52)
Pres, CEO & Director
Comp: $3.11M

Mr. Amol Chaubal (Age 46)
Sr. VP & CFO
Comp: $1.23M

Ms. Keeley A. Aleman (Age 46)
Sr. VP, Gen. Counsel & Corp. Sec.
Comp: $897.33k

Mr. Jonathan M. Pratt (Age 53)
Sr. VP of Waters Division
Comp: $1.36M

Ms. Jianqing Y. Bennett (Age 53)
Sr. VP of TA Instruments Division & Waters Clinical Bus. Unit
Comp: $1.24M

Mr. Christos Ross
Sr. VP of Global Operations

Caspar Tudor
Director of Investor Relations

Ms. Kristen Garvey
VP of Corp. Communications

Dr. Belinda Gaye Hyde Ph.D. (Age 52)
Sr. VP of Global HR

Dr. Daniel Rush Ph.D.
Sr. VP of Strategy & Transformation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WAT Stock - Frequently Asked Questions

Should I buy or sell Waters stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Waters in the last year. There are currently 7 hold ratings for the stock. The consensus among Wall Street 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.
View WAT analyst ratings or view top-rated stocks.
What is Waters' stock price forecast for 2023?: 7 Wall Street analysts have issued 12 month price targets for Waters' stock. Their WAT share price forecasts range from $280.00 to $352.00. On average, they anticipate the company's share price to reach $314.78 in the next twelve months. This suggests a possible upside of 14.1% from the stock's current price.
View analysts price targets for WAT or view top-rated stocks among Wall Street analysts.
How have WAT shares performed in 2023?: Waters' stock was trading at $342.58 at the beginning of 2023. Since then, WAT shares have decreased by 19.5% and is now trading at $275.89.
View the best growth stocks for 2023 here.
When is Waters' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our WAT earnings forecast.
How were Waters' earnings last quarter?: Waters Co. (NYSE:WAT) released its quarterly earnings data on Wednesday, August, 2nd. The medical instruments supplier reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.21. The medical instruments supplier earned $740.58 million during the quarter, compared to analysts' expectations of $733.51 million. Waters had a net margin of 22.54% and a trailing twelve-month return on equity of 124.03%.
Read the conference call transcript.
What ETFs hold Waters' stock?: 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), Motley Fool Mid-Cap Growth ETF (TMFM), Nuveen ESG Mid-Cap Growth ETF (NUMG), Simplify Market Neutral Equity Long/Short ETF (EQLS) and Invesco S&P 500 Equal Weight Health Care ETF (RSPH).
What guidance has Waters issued on next quarter's earnings?: Waters issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $2.50-$2.60 for the period, compared to the consensus EPS estimate of $3.01. The company issued revenue guidance of $721.46 million-$735.75 million, compared to the consensus revenue estimate of $769.19 million.
What is Udit Batra's approval rating as Waters' CEO?: 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.

What other stocks do shareholders of Waters own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Waters investors own include Thermo Fisher Scientific (TMO), RTX (RTX), CVS Health (CVS), Home Depot (HD), Johnson & Johnson (JNJ), Abbott Laboratories (ABT), Verizon Communications (VZ), Cisco Systems (CSCO) and Walmart (WMT).
What is Waters' stock symbol?: Waters trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAT."
Who are Waters' major shareholders?: Waters' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.30%), Bank of New York Mellon Corp (5.88%), State Street Corp (4.43%), Alliancebernstein L.P. (3.42%), Geode Capital Management LLC (2.13%) and Impax Asset Management Group plc (1.41%). Insiders that own company stock include Christopher A Kuebler, Edward Conard, Joann A Reed, Linda Baddour, Mark P Vergnano, Michael J Berendt, Robert G Carson, Sherry Buck and Thomas P Salice.
View institutional ownership trends.
How do I buy shares of Waters?: 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.
Compare Top Brokerages Here.
What is Waters' stock price today?: One share of WAT stock can currently be purchased for approximately $275.89.
How much money does Waters make?: Waters (NYSE:WAT) has a market capitalization of $16.31 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 $11.34 on an earnings per share basis.
How many employees does Waters have?: The company employs 8,200 workers across the globe.
Does Waters have any subsidiaries?: The following companies are subsidiares of Waters: Analytical Products Group Inc., Andrew Alliance, Andrew Alliance S.A, Andrew Alliance SA (Switzerland), Andrew Alliance SASU (France), Anter Corporation, Baehr Thermoanalyse GmbH, Blue Reference Inc., Calorimetry Sciences Corporation, ElectroForce, Environmental Resource Associates Inc. (Colorado), Environmental Resources Associates, Integrated Software Solutions, Integrated Software Solutions Limited (UK), Integrated Software Solutions USA LLC, MPE Orbur Group Ltd. (UK), Manchester International Limited (Cayman), Melbourne International Limited (Cayman), Micromass Holdings Ltd. (UK), Micromass Ltd. (UK), Micromass UK Ltd. (UK), Midland Precision Equipment Co. Ltd. (UK), Milford International Limited (Cayman), Nihon Waters K.K. (Japan), NuGenesis Technologies Corporation, Rubotherm, TA Instruments Japan Inc. (Japan), TA Instruments-Waters LLC (Delaware), Thar Instruments Inc, Thermometric AB, VICAM, VTI Corporation, Waters (TC) Israel Ltd. (Israel), Waters A/S (Denmark), Waters AG (Switzerland), Waters Analytical Instruments Sdn Bhd (Malaysia), Waters Asia Limited (Delaware), Waters Australia PTY LTD. (Australia), Waters Celtic Holdings Ltd. (Ireland), Waters China Ltd. (Hong Kong), Waters Chromatography BV (Netherlands), Waters Chromatography Europe BV (Netherlands), Waters Chromatography Ireland Ltd. (Ireland), Waters Corporation (Delaware), Waters Cromatografia SA (Spain), Waters European Investments LLC (Cayman) (2), Waters Ges.MBH (Austria), Waters Global International Limited (Cayman) (1), Waters Global Limited (UK) (1), Waters GmbH (Germany), Waters Holdings LLC (Delaware), Waters India Pvt. Ltd., Waters Kft (Hungary), Waters Korea Limited (Korea), Waters Limited (Canada), Waters Limited (UK), Waters Luxembourg SARL (Luxembourg), Waters NV (Belgium), Waters O.O.O. (Russia) (1), Waters Pacific Pte Ltd. (Singapore), Waters Research Center Kft (Hungary), Waters Romania Srl, Waters SA de CV (Mexico), Waters SAS (France), Waters Sp.Zo.o (Poland), Waters SpA (Italy), Waters Sverige AB (Sweden), Waters Tech. LC-MS Unipessol Lda (Portugal), Waters Technologies (Beijing) Co. Ltd (China), Waters Technologies (Shanghai) Ltd (China), Waters Technologies Corporation (Delaware), Waters Technologies International Limited (Cayman) (1), Waters Technologies Ireland Ltd. (Ireland), and Waters Technologies do Brasil Ltda (Brazil).
Read More
How can I contact Waters?: 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.

This page (NYSE:WAT) was last updated on 9/28/2023 by MarketBeat.com Staff

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Waters (WAT) Stock Forecast, Price & News

Waters MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Waters (NYSE:WAT) Stock

WAT Price History

WAT Stock News Headlines

WAT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

WAT Stock - Frequently Asked Questions

Overall MarketRank^™