The Waters Corporation (WAT) shares are trading at higher $220.80 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $179.08.
To add more color to this target, the company’s high over the last year is $245.68 and the low is $154.39. Over the last 52 weeks, WAT is down -10.13% while the S&P 500 is up 0.92%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, WAT reported a profit of $254.29 million. Waters Corporation also saw revenues increase to $464.94 million. In addition, WAT has free cash flow of $100.5 million as of 03-2020. The company’s EBITDA came in at $97.47 million which compares well with its peers.
WAT booked profit margins of 22.80%, and its Return on Assets is 20.20%. All told, it is clear that, WAT needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. WAT has a short ratio of 6.92 and outstanding shares of 62.23M.
WAT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.59 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 8.13. Waters Corporation WAT also noted assets of $2.67 billion at the end of the last quarter. Investors should also keep an eye on sector updates as WAT has historically followed its peers on positive news.
All told, Waters Corporation WAT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, WAT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Waters Corporation WAT is now commanding a market cap of 13.66B and a float of 61.57M. WAT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of WAT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in WAT, either long or short, and we have not been compensated for this article.