Press coverage about Waters (NYSE:WAT) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waters earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the medical instruments supplier an impact score of 45.4308937396154 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Day lurking in the waters perhaps at the right time. (aikenstandard.com)
- Waters family win champion district exhibit fleece (theland.com.au)
- First sperm whale spotted in inland Washington state waters (sfgate.com)
- Pair of Clemson guards decide to test NBA waters (postandcourier.com)
- Goodman Using Ibsen Play To Test The Waters Of Science In Theater (msn.com)
Shares of NYSE:WAT traded down $2.67 during trading on Monday, hitting $195.98. 557,485 shares of the company were exchanged, compared to its average volume of 505,516. The company has a market capitalization of $15,650.53, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 6.60 and a current ratio of 7.04. Waters has a 1-year low of $154.15 and a 1-year high of $220.20.
WAT has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Waters from a “buy” rating to a “hold” rating in a research report on Monday, March 26th. Morgan Stanley upgraded shares of Waters from an “underweight” rating to an “equal weight” rating and set a $192.00 price objective for the company in a research report on Monday, December 4th. BTIG Research initiated coverage on shares of Waters in a research report on Friday, January 5th. They set a “buy” rating and a $230.00 price objective for the company. Evercore ISI initiated coverage on shares of Waters in a research report on Wednesday, January 3rd. They set an “in-line” rating and a $198.00 price objective for the company. Finally, JPMorgan Chase boosted their price objective on shares of Waters from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Twelve research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $205.13.
In related news, Director Joann A. Reed sold 1,386 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $194.07, for a total value of $268,981.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher A. Kuebler sold 416 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $209.00, for a total value of $86,944.00. Following the completion of the sale, the director now owns 15,327 shares of the company’s stock, valued at $3,203,343. The disclosure for this sale can be found here. Insiders have sold 75,180 shares of company stock valued at $16,326,519 over the last quarter. 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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