Yesterday’s Analyst’s Downgrade: Waters (NYSE:WAT)

Waters Corporation (NYSE:WAT) received a stock rating downgrade from BofA/Merrill on Apr-05-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had a Buy rating on the stock.


Analysts have a consensus target price of $ 136.38 in the 12-month period. The price objective is 4.10% higher than the recent closing price of $ 131.01. The 52-week price range is $112.00 – 137.39 and the company has a market capitalization of $10.53B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. 1 analyst has rated the stock with a sell rating, 10 has assigned a hold rating, zero says it’s a buy, and 4 have assigned a strong buy rating to the company.


On April 5, 2016  Waters Corporation (WAT) will webcast its Q1 2016 financial results conference call live on Tuesday, April 26th at 8:30 a.m. eastern time. To listen to the conference call connect to Waters’ website, www.waters.com choose “Investors” and click on the Live Webcast. A replay of the webcast will be available until May 2nd at midnight eastern time.


Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. The company’s Waters division 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 post-warranty service plans. This division’s products are used to detect, identify, monitor, and measure the chemical, physical, and biological composition of materials, as well as to purify a range of compounds. Its products are also used in drug discovery and development, including clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company’s TA division offers thermal analysis, rheometry, and calorimetry instruments, which are used in predicting the suitability of fine chemicals, pharmaceuticals, water, polymers, and viscous liquids for uses in various industrial, consumer goods, and healthcare products, as well as for life science research. The company also develops and supplies software-based products that interface with its instruments. Its products are used by pharmaceutical, life science, 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 based in Milford, Massachusetts.


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