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 equities research analysts have issued 1 year price targets for Waters' shares. Their WAT share price forecasts range from $288.00 to $378.00. On average, they predict the company's share price to reach $335.27 in the next year. This suggests a possible upside of 34.4% from the stock's current price.
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Waters' stock was trading at $342.58 at the beginning of the year. Since then, WAT shares have decreased by 27.2% and is now trading at $249.40.
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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) issued its quarterly earnings data on Tuesday, May, 9th. The medical instruments supplier reported $2.49 EPS for the quarter, missing the consensus estimate of $2.60 by $0.11. The medical instruments supplier had revenue of $684.67 million for the quarter, compared to analyst estimates of $697.86 million. Waters had a net margin of 23.22% and a trailing twelve-month return on equity of 149.31%. The business's revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $2.80 EPS.
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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 Logan Capital Broad Innovative Growth ETF (LCLG).

Waters updated 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 institutional and retail investors. Top institutional shareholders 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 $249.40.

Waters (NYSE:WAT) has a market capitalization of $14.72 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.