Waters (WAT) Receives Daily Coverage Optimism Score of 0.20
News coverage about Waters (NYSE:WAT) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Waters earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the medical instruments supplier an impact score of 47.3212256705412 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- You’ve been cooking your bacon all wrong… and here’s why you should be adding water (thesun.co.uk)
- Ben Bromley: Is Foxconn’s lake water plan all wet? (lacrossetribune.com)
- ASIAWATER 2018 organises the 3rd Technical Visit at Johor River Barrage: Partnership for Growth and a Sustainable Water Future (finance.yahoo.com)
- Conn. Water Service Merges With Holding Co. In $750M Deal (law360.com)
- Forest City co-op launches water testing program (kimt.com)
Several research analysts recently commented on the stock. BTIG Research reaffirmed a “buy” rating on shares of Waters in a research note on Thursday, January 25th. Robert W. Baird raised their price target on shares of Waters from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised their price target on shares of Waters from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Citigroup raised their price target on shares of Waters from $190.00 to $223.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Barclays raised their price target on shares of Waters from $202.00 to $208.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Thirteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $203.75.
Waters (NYSE:WAT) last issued its earnings results on Tuesday, January 23rd. The medical instruments supplier reported $2.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.07. Waters had a net margin of 0.88% and a return on equity of 24.70%. The company had revenue of $687.28 million for the quarter, compared to analysts’ expectations of $671.98 million. During the same period in the prior year, the business earned $2.21 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. equities analysts anticipate that Waters will post 8.16 earnings per share for the current year.
In other news, SVP Terrence P. Kelly sold 1,312 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $212.52, for a total value of $278,826.24. Following the sale, the senior vice president now directly owns 5,130 shares in the company, valued at approximately $1,090,227.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark T. Beaudouin sold 42,143 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $217.21, for a total transaction of $9,153,881.03. Following the completion of the sale, the senior vice president now owns 20,749 shares in the company, valued at $4,506,890.29. The disclosure for this sale can be found here. Insiders sold a total of 75,180 shares of company stock worth $16,326,519 over the last 90 days. Company insiders own 5.07% of the company’s stock.
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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.
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