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SVB Securities Reaffirms Their Hold Rating on Waters (WAT)

SVB Securities analyst Puneet Souda maintained a Hold rating on Waters (WATResearch Report) on July 14 and set a price target of $350.00. The company’s shares closed last Tuesday at $349.14.

According to TipRanks.com, Souda has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.6% and a 37.8% success rate. Souda covers the Healthcare sector, focusing on stocks such as AbCellera Biologics, Castle Biosciences, and Twist Bioscience.

The word on The Street in general, suggests a Hold analyst consensus rating for Waters with a $353.56 average price target, representing a 2.4% upside. In a report issued on July 20, UBS also initiated coverage with a Hold rating on the stock with a $349.00 price target.

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Waters’ market cap is currently $21.03B and has a P/E ratio of 30.52.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2022, Christopher Kuebler, a Director at WAT sold 4,000 shares for a total of $1,315,120.

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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