Last Updated: 19 Sep 2024
Executive Summary
Waters Corporation (WAT) is a leading provider of analytical laboratory instruments and software. The company has a strong financial position with a market capitalization of $19.79 billion, EBITDA of $995.23 million, and EPS of $10. The stock is currently trading at $333.37, below its 52-week high of $367.21. Analysts have a consensus rating of "Hold" on the stock, with a target price of $341.3.
Company Overview
Waters Corporation is headquartered in Milford, Massachusetts and has been in business for over 60 years. The company's products are used in a variety of industries, including pharmaceutical, biotechnology, food and beverage, and environmental testing. Waters Corporation has a global presence with operations in over 30 countries.
Fundamental Analysis
Waters Corporation has a strong financial position. The company's revenue has grown steadily over the past five years, and its profit margin is healthy at 20.7%. The company also has a strong balance sheet with low debt and ample cash on hand.
Technical Analysis
The technical analysis of Waters Corporation's stock shows that the stock is currently in a downtrend. The stock has been trading below its 50-day and 200-day moving averages for the past several months. The stock's relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for Waters Corporation's stock is mixed. The stock is currently trading below its key moving averages, and the RSI is below 50. This indicates that the stock is likely to continue to decline in the short term. However, the stock's fundamentals are strong, and the company is expected to continue to grow its revenue and earnings in the future.
Long Term Outlook
The long-term outlook for Waters Corporation's stock is positive. The company is a leader in its industry, and it has a strong financial position. The company's products are used in a variety of industries, and the demand for its products is expected to continue to grow in the future.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on Waters Corporation's stock. The average target price is $341.3. This indicates that analysts believe that the stock is fairly valued and that it is likely to trade sideways in the near term.
