TipRanksStock Market NewsWAT NewsSVB Securities Reaffirms Their Hold Rating on Waters (WAT)

SVB Securities Reaffirms Their Hold Rating on Waters (WAT)

SVB Securities analyst Research Report) on August 8 and set a price target of $350.00. The company’s shares closed yesterday at $330.79.

According to TipRanks, Souda is an analyst with an average return of -8.8% and a 38.60% success rate. Souda covers the Healthcare sector, focusing on stocks such as Waters, Exact Sciences, and Hologic.

Currently, the analyst consensus on Waters is a Hold with an average price target of $357.33, implying an 8.02% upside from current levels. In a report released on August 2, Robert W. Baird also maintained a Hold rating on the stock with a $348.00 price target.

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WAT market cap is currently $19.5B and has a P/E ratio of 28.23.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAT in relation to earlier this year. Most recently, in May 2022, Christopher Kuebler, a Director at WAT sold 4,000.00 shares for a total of $1,315,120.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Waters Corp. is a measurement company, which engages in the analytical workflow solutions involving liquid chromatography, mass spectrometry and thermal analysis innovations. It operates through Waters and TA segments. The Waters segment designs, manufactures, distributes and services liquid chromatography and ultra performance liquid chromatography instruments, columns and other chemistry consumables that can be integrated and used along with other analytical instruments. The TA Instruments segment designs, manufactures, distributes and services thermal analysis, rheometry and calorimetry instruments. The company was founded by James Logan Waters in 1958 and is headquartered in Milford, MA.

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