Waters Corp Receives a New Rating from Top Analyst

By Carrie Williams

Jefferies analyst Brandon Couillard reiterated a Hold rating on Waters Corp (NYSE: WAT) today and set a price target of $175. The company’s shares opened today at $183.48, close to its 52-week high of $187.65.

According to TipRanks.com, Couillard is a top 100 analyst with an average return of 23.5% and a 72.7% success rate. Couillard covers the Healthcare sector, focusing on stocks such as Bio-Rad Laboratories, Orasure Technologies, and DENTSPLY SIRONA Inc.

Waters Corp has an analyst consensus of Hold, with a price target consensus of $184.33.

Based on Waters Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $558 million and quarterly net profit of $132 million. In comparison, last year the company earned revenue of $537 million and had a net profit of $128 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Christopher Kuebler, a Director at WAT sold 3,500 shares for a total of $628,845.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Waters Corp. is an analytical instrument manufacturing company, which designs, manufactures, sells and services, high performance liquid chromatography, ultra performance liquid chromatography and mass spectrometry technology systems and support products, including chromatography columns, other consumable products and comprehensive post warranty service plans. It operates through two segments: Waters and TA. The Waters segment designs, manufactures, distributes and services high performance liquid chromatography and ultra performance liquid chromatography instruments, columns and other chemistry consumables that can be integrated and used along with other analytical instruments. The TA Instruments segment designs, manufactures, distributes and services thermal analysis, rheometry and calorimetry instruments. The company was founded by James Logan Waters in 1958 and is headquartered in Milford, MA.